Sioux Falls, SD - Dec. 19, 2019 - Today, the U.S. House of Representatives passed the U.S.-Mexico-Canada Agreement (USMCA), which was signed by the United States, Mexico and Canada last November to replace the North American Free Trade Agreement (NAFTA).
The new agreement solidifies a multi-billion-dollar export market while providing more certainty to farmers and instilling confidence in other nations that the U.S. is a reliable partner and supplier to help U.S. agriculture remain competitive for years to come.
ACE CEO Brian Jennings released the following statement in response to today’s announcement:
“Canada is the most reliable export market for U.S. ethanol over the course of time, while Mexico continues to be the largest buyer of U.S. Distillers’ Dried Grains (DDGs) and holds great potential for increasing U.S. ethanol exports.
"While USMCA doesn’t directly address ethanol specific trade provisions, the passage of this agreement is key to maintaining positive relationships with our neighbors to the north and south and future opportunities in these markets for ethanol, the fastest-growing agricultural export in the U.S.”
For more information, please contact Katie Fletcher at 605-306-6107.