Mexico, US sign tomato pricing agreement
Mexico says its tomato growers have signed and implemented a new agreement with the United States to end a dispute over trade in fresh tomatoes.
The agreement was proposed in early February and submitted to a public comment period.
Mexico's Economy Department said Monday that the final agreement has been signed with U.S. Department of Commerce officials. It said the agreement "provides a framework of certainty and stability" for its growers.
The agreement strengthens anti-dumping enforcement and resets minimum wholesale prices, after Florida tomato growers complained that Mexican producers were selling fresh tomatoes for less than the production cost.
Mexico's tomato trade with the U.S. was worth more than $1.8 billion in 2011.