Uncertainties facing Mexican tomato business over new suspension agreement
Uncertainties facing Mexican tomato business over new suspension agreement
A 10-day comment period closed Feb. 11 on a tentative proposal from the U.S. Department of Commerce for a new tomato suspension agreement with Mexico that is scheduled to take effect March 4, right at the peak of the season.
The proposed new agreement would mandate that all exporters be signatories, whereas the requirement under the current agreement, that has been in place since 1996, was just 85 percent. It would also significantly increase the minimum reference price for all tomato products from Mexico, in some cases nearly three times as high as under the current agreement.