The U.S. Grains Council has agreed to work with Mexico on keeping North American Free Trade Agreement (NAFTA) modernization efforts moving.
U.S. Grains Council President and CEO Tom Sleight said: “We are grateful for news today that the United States and Mexico have reached an agreement that will keep NAFTA modernization efforts moving. This agreement is a major step forward for our relationship with Mexico and is a result of hard work over the last year to closely examine our vital partnership.
“Mexico is extremely important to every sector we represent. Yet, so too is Canada, our second largest ethanol market and a top ten corn market. We hope the agreement today opens the door for Canada’s reengagement, and we continue to oppose withdrawal from the existing NAFTA under any circumstances except the adoption of a new, beneficial and trilateral pact.
“We look forward to analyzing the provisions the United States and Mexico announced today and continued work toward the goal of an improved trilateral agreement.”
The American Feed Industry Association also welcomed the news.
AFIA’s Director of International Policy and Trade Gina Tumbarello said: “For more than 20 years, the US animal food manufacturing industry has reaped the benefits of trading animal food, feed ingredients and pet food across its northern and southern borders.
“The North American Free Trade Agreement has not only supported thousands of jobs within the feed and associated industries, it has grown the animal food and feed ingredient export markets in Mexico and Canada to the United Stateslargest and second largest, respectively, today.
“We are encouraged to see the progress US and Mexican trade officials made over several months in resolving their differences and modernising the agreement, and hope that Canada will quickly follow suit so that industries in all three countries can continue to benefit from the largest free trade zone in the world.”