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WASHINGTON/NEW YORK (Reuters) – The United States and Mexico on Wednesday finalized terms of a sugar trade pact that seeks to resolve a years-long dispute between the governments before a North American trade deal is renegotiated.
The sugar deal, which was reworked from a 2014 pact, averts imposition of large duties on U.S. imports of Mexican sugar while also addressing U.S. industry demands for protection from cheap, subsidized sugar from its top foreign supplier.