National Corn Growers Association (NCGA) President Lynn Chrisp made the below statement today following the release of the U.S. International Trade Commission’s (ITC) economic analysis on the U.S-Mexico-Canada Agreement (USMCA).
“The release of the ITC report is an important step in moving USMCA toward Congressional action. ITC reports typically measure the economic impact of new trade agreements and focus on market access. USMCA is different – it’s an update to the North American Free Trade Agreement (NAFTA) – which already eliminated most tariffs on exports of U.S. food and agriculture products. So, the ITC report released today doesn’t fully capture the economic benefits of trade with Canada and Mexico, nor the improvements to trade rules in USMCA that benefit agriculture.
“NAFTA has been a resounding success for agriculture. In 2016 alone, American corn growers exported $3.2 billion in corn and corn co-products to Mexico and Canada. USMCA secures and builds upon this important partnership, which is why ratifying USMCA is so important for agriculture.”