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Part 1: Bilateral Trade Disputes
1. Background: Provide a clear and insightful synopsis of the situation in about 80-100 words
The price of sugar has plummeted below the US cost of production because Mexican imports to the US have doubled. According to the North American Free Trade Agreement (NAFTA), there are no restrictions on the amount of sugar that Mexico can export to the United States, but US producers are calling Mexican sugar exports “predatory trade practices”. They allege that the Mexican government is subsidizing sugar to boost exports to the US at prices that are lower than fair (market) value (LTFV).
2. Which two governments are involved in the dispute?
The two governments involved in the dispute are the United States and Mexico.
3. When did the dispute take place (or begin)?
The dispute began unofficially when Mexican exports to the US began to rise a few years ago. A petition to investigate the issue was filed at the US International Trade Commission (ITC) by the American Sugar Coalition in March 2104....
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