WTO: USA-MEXICO SYRUP CASE
October 1st, 2005
BY KEITH NUTHALLTHE UNITED States claims that it has won a World Trade Organisation (WTO) case against Mexico, with a disputes panel ruling a 20% tax on Mexican soft drinks manufactured with imported high-fructose corn syrup broke global commerce rules. Drinks made with Mexican cane sugar are exempt. The 2002-imposed tax decimated US exports of the syrup to Mexico by 2004 to 6% of their pre-tax levels. The WTO panel found the tax discriminated against foreign suppliers, breaking the organisation's fair trade principles. US Trade Representative Rob Portman said: ...
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