MEXICO CITY, MEXICO / ACCESSWIRE / October 2017 / June 2017 saw the Trump administration and Mexican government reach a new trade agreement regarding Mexico's refined sugar exports to the United States. International trading and foreign exchange expert, Pablo Soria de Lachica sees the recent sugar deal as a significant move forward in proving Mexico and the US can work together for mutual benefit. This is especially important for the current North American Free Trade Agreement (NAFTA) renegotiations, indicating both countries' willingness to compromise in trade discussions.
In an effort to repeal previous claims from US refineries over alleged circumvention by Mexican producers, the new trade deal states the ratio of sugar product from Mexico must be 70 percent raw, and only 30 percent refined. While the minimum prices have also been increased, it will not affect the volume of sugar Mexico is permitted to export into the US. The new prices will not only protect the US industry from potential attempts to sidestep trade laws by Mexican importers but will also allow a better profit margin for small growers and workers in Mexico. Pablo Soria de Lachica explains that by reaching the improved trade accord, the two countries have avoided proposed punitive tariffs, and the consequent price increases this would create for the US food industry and consumers. It also averts any retaliatory action by Mexico on their imports of American high-fructose corn syrup.
The revised trade agreement helps to create an industry that is more acceptable for growers, processors, and end users across both nations. It also provides a resolution to longstanding sugar trade challenges experienced by the two governments. Pablo Soria de Lachica notes that the achievement of both countries coming to a mutually beneficial and sustainable solution on such a sensitive topic as sugar bodes well for more complex NAFTA discussions moving forward. He also believes this encouraging outcome solidifies a new level of trust between the two countries and signifies a strong ongoing trade relationship.
Pablo Soria de Lachica is an internationally renowned broker and foreign exchange advisor. A graduate of Universidad Tecnológico de México (UNITEC), with a Master of Business Administration, he has over two decades of experience in international trading, market analysis, and investment strategies. Pablo Soria de Lachica currently collaborates with Kartoshka, a world leader in the development of new technologies in the sales, telemarketing, and customer service industries. A dedicated philanthropist, Pablo Soria de Lachica also assists with many community projects and supports a number of charitable organizations, such as Barnardo's, Bridges for Peace, and the America-Israel Cultural Foundation.
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Pablo Soria de Lachica Discusses Ways to Move from the Domestic Market to the Forex Market: https://finance.yahoo.com/news/pablo-soria-lachica-discusses-ways-160400994.html
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SOURCE: Pablo Soria de Lachica