New trade agreement reached

Top Crop Manager
Monday, 01 October 2018
By Top Crop Manager
U.S., Canada and Mexico agree to a new trade agreement, the United States-Mexico-Canada Agreement or USMCA, to replace the North American Free Trade Agreement (NAFTA). 

The new agreement preserves the trade dispute settlement mechanism, allows the U.S. more access to Canada's domestic dairy market, safeguards Canadian auto plants, but does not resolve issues over U.S. tariffs on steel and aluminum tariffs. Read more about what the new agreement means for Canada.

For Canada's wheat and barley farmers, this news is significant. Together, the U.S. and Mexico account for roughly 15 per cent of total Canadian wheat exports, according to a release by the Alberta Wheat and Barley Commissions. The U.S. is Canada's largest export market for wheat, and second largest export market for barley. The new agreement preserves access for Canadian wheat and barley to the U.S. and Mexico markets. 

The commissions look forward to reviewing the full details of the agreement which includes retention of the Chapter 19 dispute settlement mechanism and measures to address U.S. concerns over grading of U.S. wheat in Canada.

A full fact sheet detailing the agriculture market access and dairy outcomes of the USMC agreement is available through the Office of the United States Trade Representative. the fact sheet explains the details related to increasing dairy milk access and expanding poultry and eggs market access.

Add comment


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine

Latest Events

Canola Discovery Forum
Mon Oct 22, 2018 @12:30pm - 04:30pm
EIMA International
Wed Nov 07, 2018 @ 8:00am - 05:00pm
Agri-Trade Equipment Expo
Wed Nov 07, 2018 @ 9:00am - 05:00pm
Intercropping Workshop
Wed Nov 14, 2018

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.