The U.S., Mexico End Dispute Over Cement [LA Times].
“Under the pact, Washington would slash punitive tariffs on Mexican cement while Mexico would grant U.S. firms access to its market, now dominated by a few companies that charge consumers here some of the highest prices in the world.”
“Thursday’s deal appears to resolve a trade spat that dates to 1990, when a group of 31 U.S.-based cement makers brought a successful anti-dumping case against Mexican producers that sold their product at prices far below those paid in Mexico.”
In an article by the New York Times, U.S. Cuts Duty on Cement From Mexico which is aimed at easing cement shortages caused by a building boom in Asia and rising demand for cement to rebuild after Hurricane Katrina.
Tags: Hurricane, Hurricane Katrina
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