US-Mexico-Canada agreement in force
The USMCA was implemented as of July 1, 2020.
According to a White House statement, “the USMCA is a complete overhaul of North American trade, with modern, rebalanced rules for business and investment. The International Trade Commission predicts that the USMCA will create up to 589,000 new American jobs and have the most positive impact on U.S. jobs and wages of any trade agreement that the Commission has ever reviewed.
“The new agreement is also a major bipartisan victory, incorporating ideas from both Democrats and Republicans to get the best deal possible for America’s workers.
“The strong and overwhelming support the USMCA received from both parties in Congress—as well as from labor unions, business organizations, and champions of agriculture—shows just how much this trade agreement will benefit all Americans,” President Trump said in a statement today.
Beef and cattle remain duty free between the three countries, as with NAFTA.
This is either positive or negative, depending on which side of the issue you fall.
NCBA’s then-president Jennifer Houston called the January signing of the agreement a “great day for America’s cattle producers,” and “great victory for our industry.”
R-CALF USA asked President Trump to include mandatory country of origin labeling in the agreement, but this did not happen.
“While the U.S. annually exports almost $2 billion in cattle and beef to Canada and Mexico, the economic benefits from those U.S. exports are overwhelmed because the U.S. annually imports over $4 billion of the very same commodities – cattle and beef, from Canada and Mexico,” said the group’s CEO, Bill Bullard.
According to the North Dakota Department of Agriculture, some of the key achievements include:
· Expanded access for American food and ag products
· Elimination of Canada’s milk classes 6 and 7
· Addressing agricultural biotechnology to support 21st century innovations
· Reducing trade-distorting policies, improves transparency and ensures non-discriminatory treatment for agricultural product standards
· Ensuring fair treatment for quality requirements for wheat and other ag products
· Enhancing rules for science-based sanitary and phytosanitary measures
· Providing important disciplines on geographic indications
· Allowing market access for certain cheese names
· Prohibiting barriers for alcohol beverages
· Providing protections for proprietary food formulas
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