Mexico Upbeat on U.S. Sugar Dispute

Speaking during a visit to Washington, Guajardo said he was optimistic of agreeing a negotiated settlement whereby Mexico would agree to limit exports at a level which would satisfy its cane growers without inundating the U.S. market.

"If that range comes up as a possibility in the following days, I think we will get an agreement," he told reporters.

"We want to find a solution where everybody wins."

Guajardo said retaliation would escalate the complaint filed by U.S. sugar producers against their Mexican colleagues earlier this year into an all-out fight where "everybody is going to lose . . .