The U.S. Department of Commerce is reviewing an agreement with two Mexican sugar companies, San Jose and Grupo BSM, to ensure they are complying with rules to reduce dumping, which means selling goods at unfairly low prices. The review covers the period from December 2022 to November 2023. Commerce found that San Jose had no sales to assess and that Grupo BSM did not meet the requirement to eliminate at least 85% of prior dumping. Further steps will be taken to address Grupo BSM's noncompliance, including verifying their responses and increased monitoring.
Simple Explanation
The U.S. Department of Commerce is checking if two sugar companies from Mexico, San Jose and Grupo BSM, are following rules to not sell sugar too cheaply in the U.S. They found that San Jose didn't have any sales to check, and Grupo BSM didn't follow the rules well, so they need to fix things, and people will watch them more closely.