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Mexico nears approval of tax on junk food, soft drinks; announces plan to fight obesity
Reported by: Associated Press
Reported: Thursday, October 31, 2013 5:00 PM EDT
Mexico's Congress is nearing final approval of new taxes on junk food and soft drinks as the government announces an anti-obesity plan to fight fat in a country with one of the world's highest rates of overweight people.
Both houses have already agreed to a one-peso per-liter tax on soft drinks.
On Thursday, the government announced an educational campaign that would offer an official seal for lower-calorie, higher-fiber snacks.
None of Mexico's major snack food companies immediately responded to request for comment, but Coca Cola's Latin American group president has said the company is developing more low-calorie drinks.