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US, Mexico prepare for key USMCA talks impacting ag exports
The United States and Mexico have officially launched a formal review of the U.S.-Mexico-Canada Agreement (USMCA).
Julie Callahan, chief ag negotiator with the Office of the U.S. Trade Representative, says Mexico and Canada remain two of the most important trading partners for the US, but, “There are certain areas where ag stakeholders anticipated benefits that they didn’t actually receive in practice. Now, we’re identifying where are the areas where we could make adjustments.”
During the National Pork Industry Forum, she told reporters a strong renegotiation could help improve the ag trade deficit.
“We had a global agricultural trade surplus in 2020, she says. “We have gone through a dramatic decline in our balance of trade, and that does get to the reciprocity issue. It’s a combination of tariff barriers and non-tariff barriers.”
Negotiators in the U.S. and Mexico are expected to meet during the week of March 16th. This summer, the U.S., Mexico and Canada are expected to meet for the joint review to discuss renewing the deal.
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