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TOP SENATOR ON FINANCE COMMITTEE SAYS MEXICO, CANADA NOT LIVING UP TO USMCA COMMITTMENTS
Nov. 3, 2020
Agri-Pulse reports:
Canada and Mexico are not living up to key promises under the new North American Free Trade Agreement, and Sen. Ron Wyden, the top Democrat on the Senate Finance Committee, is demanding the Trump administration pressure the two countries to follow through on their pledges.
Mexico has been inexplicably failing to approve any new genetically modified seed traits despite a new biotech chapter in the USMCA that was expected to bring the three countries closer on acceptance of the technology. And U.S. dairy farmers are accusing Canada of "playing games" with a promise to implement new tariff rate quotas by limiting which U.S. products qualify.
"It is critical that Mexico and Canada meet their obligations if American workers, farmers, businesses, and consumers are to reap the full benefits you promised they would receive from USMCA," Wyden wrote in a letter to Trump.
If the USMCA is implemented as negotiated, U.S. dairy exports would increase by more than $314 million a year, according to the U.S. International Trade Commission.
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