WASHINGTON--(BUSINESS WIRE)--Today, Citizens Against Government Waste (CAGW), issued the following statement on the recent decisions by the Court of International Trade that the U.S. Department of Commerce must vacate the 2017 U.S.-Mexico sugar suspension agreements:
“We welcome the opportunity the Court of International Trade decision presents to the U.S. Department of Commerce to provide relief to U.S. taxpayers from unnecessarily high sugar prices. This ruling is a chance for the U.S. Department of Commerce to reexamine the current suspension agreements to avoid establishing a floor price on sugar imports from Mexico that is unnecessarily higher than the floor price established in the U.S. farm bill. Avoiding an unnecessarily high floor price on Mexican imports would keep domestic sugar prices from skyrocketing to twice the world price of sugar. When domestic sugar prices are high, U.S. food companies can’t compete with imported products, and U.S. taxpayers end up bearing the brunt of higher costs. We encourage the U.S. Department of Commerce to consider any and all possibilities that would keep U.S. food companies competitive and costs down for U.S. consumers and taxpayers.”
Citizens Against Government Waste is the nation’s largest nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government.
