Ending a 16-year-long trade dispute, officials from the U.S. and Mexico have signed an agreement that boosts the amount of cement Mexico can sell in the U.S. and cuts duties sharply on those shipments.
The three-year agreement, signed in a ceremony March 6 at the Commerce Dept. headquarters in Washington, permits Mexico to export 3 million metric tons of cement annually to the U.S. southern tier. The first year is to start April 3.