U.S. Trade Representative (USTR) Katherine Tai hosted leaders from Canada and Mexico this week for the first U.S.-Mexico-Canada Agreement (USMCA) commission meeting. While they discussed a few pain points regarding Mexico’s trade barriers and Canada’s protections for the country’s dairy industry, the outlook for grains under the agreement remains stable for now.
During the virtual meeting, Tatiana Clouthier, Mexican Secretary of Economy, and Mary Ng, Canada Minister of Small Business, Export Promotion and International Trade, received updates about work already underway to advance cooperation under the agreement and discussed USMCA’s new labor and environmental obligations.
“USMCA, like NAFTA before it, is foundational to our global trade policy. Through USMCA, Mexico and Canada offer significant additional potential for growth,” U.S. Grains Council (USGC) President and CEO Ryan LeGrand said.
Because free trade agreements (FTAs) help expand market access and exports for U.S. coarse grains and co-products, the Council represents the U.S. feed grains industry in international trade negotiations in which the United States participates. The U.S. has FTAs with 20 countries that purchase more than half of U.S. grains in all forms exports.
USMCA entered into force on July 1, 2020, to improve agricultural market access and promote freer, fairer trade between the three countries. It also provides the framework needed to turn ongoing market development activities into realized sales by:
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