USMCA Action is a Welcome Start to 2020
(AFBF) — The following statement may be attributed to American Farm Bureau Federation President Zippy Duvall:
“We are now one step away from unleashing the competitiveness of America’s farmers and ranchers with our two largest trading partners thanks to today’s Senate Finance Committee vote. The United States-Mexico-Canada Agreement will protect our valuable trade relationships with our nearest neighbors and return certainty to our markets. We urge immediate approval by the full Senate to deliver a much-needed win for agriculture.
“The challenges farmers and ranchers faced in 2019 are no secret, but it’s a new year and we are eager for new opportunities to compete, building on the progress with Japan and the pending announcement of a new China agreement.
“We hope the USMCA will be a model for future U.S. trade agreements as the administration pursues a level playing field around the globe for our farmers and ranchers.”
Designed to replace the North American Free Trade Agreement, the USMCA builds on important trade relationships in North America.
- The agreement is expected to increase U.S. ag exports by $2 billion and result in a $65 billion increase in gross domestic product.
- The agreement will provide new market access for American dairy and poultry products while preserving the zero-tariff platform on all other ag products.
- In particular, the agreement gives U.S. dairy products access to an additional 3.6% of Canada’s dairy market – even better than what was proposed in the Trans-Pacific Partnership trade agreement.
- U.S. wheat will receive fairer treatment, thanks to Canada’s agreement to grade our wheat no less favorably than its own.
- Mexico and the United States have also agreed that all grading standards for ag products will be non-discriminatory.
- Additional provisions enhance science-based trading standards among the three nations as the basis for sanitary and phytosanitary measures for ag products, as well as progress in the area of geographic indications.
- The agreement also includes measures that address cooperation, information sharing and other trade rules among the three nations related to agricultural biotechnology and gene editing.
Source: American Farm Bureau Federation
NPPC Applauds Senate Committee Approval of USMCA
(NPPC) — The U.S. Senate Finance Committee approved the U.S.-Mexico-Canada (USMCA) trade agreement, which once implemented will provide much-needed certainty to U.S. pork producers.
“We thank Senate Finance Committee Chairman Chuck Grassley (R-Iowa) for making USMCA passage a top priority and we thank those members of the committee who support this important trade deal,” said National Pork Producers Council President David Herring, a hog farmer from Lillington, N.C. “USMCA will allow the U.S. pork industry to maintain long-term, zero-duty market access to two of our largest export markets.
“We now urge Senate Majority Leader Mitch McConnell (R-Ky.) to schedule a vote on the floor as soon as possible,” added Herring.
In 2018, Canada and Mexico took over 40 percent of the pork that was exported from the United States and a similar percentage is expected in 2019. U.S. pork exports to Canada and Mexico support 16,000 U.S. jobs.
Source: National Pork Producers Council