On Friday, Canada's government approved the U.S.-Mexico-Canada Agreement (USMCA), making it the third and final party to the agreement to do so.
Below is a statement from U.S. Grains Council (USGC) Chairman Darren Armstrong, a farmer from North Carolina, on this milestone:
“Our leaders and members are thrilled to see the completion of the U.S.-Mexico-Canada Agreement's approval process and look forward to it entering into force.
“The list of advantages of USMCA for our sector is long.
The agreement:
• maintains zero tariffs on U.S. feed grains, co-products and ethanol;
• provides the highest enforceable sanitary and phytosanitary standards in any trade agreement to date;
• addresses regulatory equivalence, science and risk analysis, transparency and cooperative technical consultations;
• creates a rapid-response mechanism to address trade challenges;
• modernizes border procedures; and
• includes an enforceable biotechnology chapter – the first ever in a U.S. trade agreement.
“Throughout the negotiations that produced USMCA, the Council has worked closely within our industry, with our customers - particularly in Mexico - and with the negotiating governments to ensure the needs of the U.S. grains sector were considered and the new agreement continued the success we experienced together under NAFTA.
We welcomed the chance to bring Mexican buyers to the United States, U.S. farm reporters to Mexico and talk with so many stakeholders about the importance of our relationships with Canada and Mexico.
“All told, we believe this agreement will solidify our most important and strategic trade relationships with our closest neighbors and best customers, and it will position our industry to continue to grow with our friends and partners in Mexico and Canada.
“We appreciate the hard work of everyone involved in this intense process and look forward to continued growth toward a more successful future with the foundation USMCA provides.”
For more information, please contact Bryan Jernigan at 202-603-3891 or bjernigan@grains.org