Ross welcomes producer backing for sugar deal

June 16, 2017 WASHINGTON (Reuters) – U.S. Secretary of Commerce Wilbur Ross on Thursday commended sugar producers for signing onto a “fair” sugar trade deal a day after the United States and Mexico finalized details of the agreement. The deal, which was reworked from a 2014 pact, averts large duties on U.S. sugar imports of Mexican sugar and addresses industry demand for protection from cheap, subsidized sugar from its foreign supplier. “I am glad all parties have agreed that the new sugar agreement is fair and addresses the shortcomings of…

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