NAFTA Updates Corn Products Settlement

WESTCHESTER, Ill.Corn Products International, Inc., on March 26 announced the North American Free Trade Agreement (NAFTA) tribunal updated its August 2009 judgment of its case against Mexico over NAFTA violations regarding a 2002 tax imposed on soft drinks using sweeteners other than sugar cane.

The amount of damages$58.4 millionremains the same. The NAFTA tribunal has awarded damages payable to Corn Products International, Inc., instead of its wholly owned subsidiary, CPIngredientes, to eliminate double taxation.