January 24, 2020: The long awaited free-trade access the US now enjoys with Canada and Mexico, has sent exports of feed ingredients, feed and pet food soaring!
Since the vital implementation of the much-welcomed, North American Free Trade Agreement (NAFTA), these key exports have now more than quadrupled to over over US$3.2 billion. Back in 1993 exports of these products to Canada and Mexico were just US$669 million.
Constance Cullman, President and CEO of the American Food Industry Association (AFIA), said:“I am excited for the opportunities that will come from the implementation of – the United States-Mexico-Canada Agreement (USMCA). The USMCA access builds on the success of NAFTA by facilitating greater market access, regulatory transparency and accountability among the three trading partners.
For sure, it also sends a message to our other trading partners that the United States is serious about enhancing trading relationships, supporting U.S. businesses and exports and setting a new standard for how trade agreements with the United States are expected to appear.
In addition, many American Feed Industry members operate integrated businesses – where they have operations in the United States, Mexico and Canada – and, thus, the USMCA trade agreement will certainly further facilitate activity growth across all their variously located business units,” added Ms Cullman.
American Feed Industry Association
2101 Wilson Blvd, Ste 810, Arlington, VA 22201 USA
Tel: +1 703 524-0810