CORN REFINERS COMMEND SIGNING OF MEXICO TRUCKING AGREEMENT

FOR IMMEDIATE RELEASE
July 7, 2011

CONTACT: David Knowles
(202) 331-1634

WASHINGTON, DC – The Corn Refiners Association (CRA) applauds the signing of a memorandum of understanding (MOU) between the U.S. and Mexico that represents a critical step towards full resolution of the long-standing dispute over cross-border trucking.

“Given the importance of the trade relationship with Mexico to the U.S. economy, we are encouraged by the signing of this agreement,” Audrae Erickson, CRA president stated. “We commend U.S. and Mexican officials for determining a workable solution for both countries and urge Congress to support the Administration’s efforts to reach a permanent resolution to this dispute.”

Yesterday, the U.S. Department of Transportation and the Mexican Ministry of Communication and Transportation completed an agreement that establishes a three-year pilot program to allow Mexican carriers to provide cross-border trucking services. With the signing of this agreement, 50% of the retaliatory tariffs Mexico is currently imposing on U.S. goods will be lifted. The remainder of the duties will be removed upon implementation of the program.

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The Corn Refiners Association (CRA) is the national trade association representing the corn refining industry in the United States. CRA and its predecessors have served this important segment of American agribusiness since 1913. Corn refiners manufacture sweeteners, ethanol, starch, bioproducts, corn oil, and feed products from corn components such as starch, oil, protein, and fiber.

Visit us on the Web at www.Corn.org