Dive Summary:
- After U.S. farmers asked the Commerce department to intervene in the U.S. - Mexico tomato trade, a new agreement has been reached and ratified.
- The farmers were complaining that Mexican companies were 'dumping,' tomatoes over the border, or selling them at well beneath market prices.
- The new agreement sets a price floor for Mexican tomato producers and ensures American farmers have an even playing field by leveling the market.
From the article:
The pact "provides an effective remedy for the U.S. domestic industry that protects American jobs,” said Paul Piquado, U.S. assistant secretary of commerce for import administration, in a statement.
“It includes important mechanisms that strengthen our ability to enforce the agreement and maintain required coverage of Mexican tomato imports, thereby helping American tomato growers to compete on a level playing field," Piquado said.