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NEWS STATEMENT FOR IMMEDIATE RELEASE CONTACT: Chuck Conner or Shannon Shoesmith June 22, 2001 CORN REFINERS WELCOME WTO PANEL RULING Today, the Corn Refiners Association, Inc. (CRA) welcomed a World Trade Organization (WTO) panel ruling that the Government of Mexico's antidumping investigation against U.S. exports of high-fructose corn syrup (HFCS) is inconsistent with international trade law. "The Government of Mexico should acknowledge today's ruling by immediately terminating the antidumping order," said CRA President Charles F. Conner. "The Mexican government has successfully used dubious tactics to prolong this inevitable decision for several years -- years of lost market share and revenues for the U.S. corn industry." The U.S. government requested the panel to review Mexico's redetermination of the threat of injury to its domestic sugar industry from HFCS exported from the U.S. This same panel found in January 2000, that the Government of Mexico's actions were inconsistent with WTO antidumping law. Today's panel decision reaffirms its original decision that the Government of Mexico failed to demonstrate that HFCS imports were a threat of injury to the Mexican sugar industry. "Failure to demonstrate a threat of injury to its domestic industry is a very serious violation of antidumping law," Conner said. "It is time for the Mexican sugar industry and government to realize that international trade law cannot be ignored. The internationally recognized dispute settlement process has spoken forcefully, and it is time for these illegal duties to be removed." For more information on the corn refining industry, visit the Corn Capsules newsletter page. 
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