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US wins Mexico GM corn dispute case as panel finds curbs not science-based [Video]

Washington | Reuters — A trade-dispute panel ruled on Friday that Mexico’s restrictions on U.S. genetically modified corn exports violate the U.S.-Mexico-Canada Agreement, handing the Biden administration a major trade victory in its final weeks.

The U.S. Trade Representative’s office said the USMCA dispute settlement panel ruled in favor of all seven U.S. legal claims in the long-running case. It said the panel found Mexico’s restrictions are not based on science and violate the USMCA’s chapters on sanitary and phytosanitary measures and on market access and national treatment.

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Louis Dreyfus to buy BASF’s food and health performance ingredients business

Commodity group Louis Dreyfus Company (LDC) said on Monday it had signed a binding agreement to buy German chemicals maker BASF’s Food and Health Performance Ingredients business as part of its diversification push.

The three-member panel’s final report recommended that Mexico bring its corn-trade policies into compliance with the trade agreement. It has 45 days to …

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