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WTO rules against Mexico, U.S. rice exports may rise
Reuters
MEXICO CITY (Reuters) - The World Trade Organization has ruled against Mexico in a rice dispute with the United States that could boost U.S. exports, although Mexico vowed to appeal.

According to the ruling made on Wednesday, Mexico violated a WTO antidumping agreement by imposing duties on long-grain white rice exported from the United States.

Mexico has said it will appeal the decision and will not lift the tariffs while the appeal is under consideration.

U.S. exports of long-grain rice to Mexico totaled more than $21 million last year and could rise by between $5 million and $25 million if antidumping duties are removed, U.S. officials said, citing figures from the USA Rice Federation.

Alejandro Gomez, Mexico's top international trade official, said Mexico would appeal the decision in coming weeks.

"The WTO doesn't prejudge and doesn't tell us what the outcome must be ... while it is under revision (the quota) will remain," he said.

Mexico imports most of its rice from the United States, its partner along with Canada in the North American Free Trade Agreement. It imposed the duties in June 2002 after local producers complained of unfairly low prices.

The WTO monitors measures taken by governments to prevent dumping, a trade practice where countries offload product surpluses at prices lower than the domestic market price.
MGR Archive 29.5.2005
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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