Proposed agreement squashes US, Mexico tomato war

Published on NewsOK Modified: February 3, 2013 at 2:20 pm •  Published: February 3, 2013
Advertisement
;

The impact of the agreement on consumers was unknown, but an Arizona-based trade association, which sponsored a pricing study, warned that if Mexican tomatoes withdrew from the U.S. market, the prices for some hothouse tomatoes would double from $2.50 a pound to nearly $5.

Mexico's economic secretary commended his country's tomato growers on the proposed settlement in a tweet Sunday.

"Congratulations to Mexican tomato producers for the agreement reached and the suspension of the U.S. government antidumping investigation," was the statement on the Twitter account of Mexican Economy Secretary Ildefonso Guajardo.

U.S.-produced fresh and processed tomatoes account for more than $2 billion in cash receipts. Mexico's tomato trade with the U.S. was worth more than $1.8 billion in 2011.



Trending Now


AROUND THE WEB

  1. 1
    10 Most Popular Wedding 'First Dance' Songs
  2. 2
    Psychologists Studied the Most Uptight States in America, and Found a Striking Pattern
  3. 3
    Facebook Post Saves Drowning Teen
  4. 4
    Saturday's front page of the New York Times sports section is simple: LeBron James and transactions
  5. 5
    The 19th-century health scare that told women to worry about "bicycle face"
+ show more