Connect with us

Business

Groups Raise Alarm About U.S. – Mexico Trade Relationship

Published

on

US - Mexico goods trading partners-US Mexico Trade-SS-Featured

WASHINGTON, D.C. — The National Potato Council and 26 leading food and agriculture associations sent a letter to Agriculture Secretary Thomas Vilsack and U.S. Trade Representative Katherine Tai yesterday communicating growing concerns over the rapid deterioration of the U.S.-Mexico trade relationship. The letter calls attention to alarming recent developments with regard to the food and agriculture trade relationship with Mexico and urges action to address these challenges.

RELATED: USDA to Provide $1B in Loan Guarantees for Rural Businesses and AG Producers

Potato, Other AG Groups Raise Alarm About U.S.-Mexico Trade Relationship

Together, the group of associations represents much of the food and agriculture sector that is responsible for roughly one-fifth of the country’s economic activity, directly supporting over 23 million jobs – constituting nearly 15 percent of total U.S. employment. Signers include the American Farm Bureau Federation, the American Soybean Association, Corn Refiners Association, International Dairy Foods Association, North American Meat Institute, National Grain and Feed Association, and the U.S. Dairy Export Council.

The letter reads: “Mexico is one of America’s most important food and agriculture trade partners. NAFTA has yielded strong benefits to both countries and the U.S.-Mexico-Canada Agreement (USMCA) promises to build upon those gains. Yet, the food and agriculture trade relationship with Mexico has declined markedly, a trend USMCA’s implementation has not reversed. We respectfully urge your attention to this important but quickly deteriorating trade relationship.”

Leading concerns highlighted by the group include Mexico’s ban on the importation of U.S. fresh potatoes throughout the country. The groups write of the legal cases currently before the Mexican Supreme Court brought by the Mexican potato cartel CONPAPA preventing their federal government from implementing regulations allowing for the importation of U.S. fresh potatoes: “The primary question the cases ask the Court to resolve is not limited to potatoes, but instead alleges that the Mexican government has no authority to provide market access to any agricultural commodity. A negative outcome in these cases could have far-reaching impacts for U.S.-Mexico agricultural trade.”

Additional concerns raised include a ban on glyphosate and genetically modified corn, increased obstacles to dairy trade, and organic export certification requirement, a state-sponsored campaign disparaging corn sweeteners from the U.S., a cessation of review and approval of biotechnology applications, implications from the meat industry market access and geographical indications, and a new front-of-pack labeling regulation. These issues, along with a high number of investigations on Mexico’s fresh produce exports to the U.S., hamper the competitiveness of U.S. farmers, ranchers, and other members of the food and agriculture sector.

You Might Also Like:

Keep up to date with the latest finance news by following us on Facebook and Instagram.

Article Source: Naviga News Edge

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Continue Reading

Copyright © 2023 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

Is THE newsletter for…

INVESTORS TRADERS OWNERS

Stay up-to-date with the latest kick-ass interviews, podcasts, and more as we cover a wide range of topics, in the world of finance and technology. Don't miss out on our exclusive content featuring expert opinions and market insights delivered to your inbox 100% FREE!

SUBSCRIBE TODAY AND GET A FREE GIFT

Get ready to stay up-to-date with the latest business and market news from around the world!

The Capitalist is here to provide you with insightful data, analysis, and even videos to keep you informed.