U.S. Mexico Canada Agreement
Iowa Senator encourages U.S. Trade Representative Katherine Tai to move toward instituting USMCA dispute settlement process.
By requesting consultations, the U.S. Trade Representative began a process to come to a settlement on ag biotechnology imports to Mexico. If a settlement is not reached, the issue will move to a full-blown trade dispute.
Mexico is accusing the U.S. of playing politics over the GMO corn issue, but NCGA CEO Neil Caskey says if Mexico wants non-GMO, they’ll need to pay a premium for it instead of violating a trade pact already in place.
The U.S. appears to be pursuing a case via USMCA on the matter: “That is going to happen, because we’re essentially in a circumstance where this is not a situation that lends itself to a compromise,” Vilsack said.
Mexico’s new decree will indicate that if U.S. GMO corn passes the sanitary filters of the Federal Commission for Protection against Sanitary Risks (Cofepris), it will have no problem entering Mexico.
U.S. officials told Mexico its approach on biotech crops are still “not grounded in science,” and will face a USMCA battle if the matter is not resolved.
Mexico and Canada had challenged the U.S. method for calculating the regional content required under the USMCA trade pact for cars to have tariff-free access to the U.S.
Mexican President López Obrador hosted President Biden and Canadian Prime Minister Trudeau this week to discuss everything from methane reduction to the U.S./Mexico border wall.
Under the USMCA, Canada conceded to granting lower tariff access across dairy products. But Canada was allocating a bulk of those imports to processors, limiting the ability of other groups to buy U.S. products.
President Trump said Monday that a trade “understanding” has been reached with Mexico.
Mexican President Andres Manuel Lopez Obrador said on Tuesday that some tariffs under USMCA could immediately be suspended, as he visited the White House to meet U.S. President Joe Biden.
Biden Administration Scores First USMCA Trade Dispute Victory Over Dairy, Canada Also Claims Victory
USTR Katherine Tai announced Tuesday that the United States prevailed in its first dispute settlement panel proceeding brought under USCMA. As U.S. dairy leaders applaud the ruling, Canada is also claiming victory.
All former U.S. Secretaries of Agriculture since President Reagan’s Administration announced on Thursday their support for the United States-Mexico-Canada Agreement (USMCA).
Chuck Conner, president and CEO of the National Council of Farmer Cooperatives, said the U.S.-Mexico-Canada Agreement (USMCA) has support across agriculture and should be an easy decision for Congress to finalize.
In a letter sent to Democratic leaders in Congress on Wednesday, President Trump urged lawmakers to approve the U.S. Mexico Canada Agreement before taking up infrastructure legislation.
The U.S. and Canada have agreed on a trade deal that would save the North American Free Trade Agreement as a trilateral bloc, according to three people familiar with the matter.