Final agreement to implement USMCA
(Posted on 16/03/20)
Canada’s government has approved the U.S.-Mexico-Canada Agreement (USMCA), making it the third and final party to the agreement to do so. Below is a statement from U.S. Grains Council (USGC) Chairman Darren Armstrong, a farmer from North Carolina, on this milestone:
“Our leaders and members are thrilled to see the completion of the U.S.-Mexico-Canada Agreement’s approval process and look forward to it entering into force.
“The list of advantages of USMCA for our sector is long. The agreement:
• maintains zero tariffs on U.S. feed grains, co-products and ethanol;
• provides the highest enforceable sanitary and phytosanitary standards in any trade agreement to date;
• addresses regulatory equivalence, science and risk analysis, transparency and cooperative technical consultations;
• creates a rapid-response mechanism to address trade challenges;
• modernizes border procedures; and
• includes an enforceable biotechnology chapter – the first ever in a U.S. trade agreement.
“Throughout the negotiations that produced USMCA, the Council has worked closely within our industry, with our customers – particularly in Mexico – and with the negotiating governments to ensure the needs of the U.S. grains sector were considered and the new agreement continued the success we experienced together under NAFTA. We welcomed the chance to bring Mexican buyers to the United States, U.S. farm reporters to Mexico and talk with so many stakeholders about the importance of our relationships with Canada and Mexico.
“All told, we believe this agreement will solidify our most important and strategic trade relationships with our closest neighbours and best customers, and it will position our industry to continue to grow with our friends and partners in Mexico and Canada.
“We appreciate the hard work of everyone involved in this intense process and look forward to continued growth toward a more successful future with the foundation USMCA provides.”
Latest News
ADM and Mitsubishi form strategic agriculture supply chain alliance
(Posted on 01/04/25)ADM and Mitsubishi Corporation have signed a non-binding memorandum of understanding to form a strategic... Read more
ESL Shipping and SSAB extend cooperation in raw material transports
(Posted on 27/03/25)ESL Shipping and global steel manufacturer SSAB have agreed on a multi-year extension of the agreement... Read more
Sakatti copper project in Finland awarded ‘Strategic Project’ status by EU
(Posted on 27/03/25)Anglo American’s Sakatti copper and polymetallic project in Finland has been designated as a &... Read more
FEFAC calls for targeted transatlantic feed trade agreement
(Posted on 18/03/25)FEFAC, representing the EU compound feed and premix manufacturers, noted with deep concern the announced... Read more
Cargill inaugurates new corn milling plant in Gwalior, India
(Posted on 18/03/25)Catering to the growing demand from India’s confectionery, infant formula, and dairy sectors,... Read more
Metal Park launches storage hub in KEZAD
(Posted on 12/03/25)Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose... Read more
Rio Tinto to invest $1.8bn to develop Western Australia Brockman mine
(Posted on 06/03/25)Rio Tinto will invest $1.8 billion1 to develop the Brockman Syncline 1 mine project (BS1), extending... Read more
Canadian steel industry denounces tariffs on Canada
(Posted on 04/03/25)Catherine Cobden, President and CEO of the Canadian Steel Producers Association (CSPA), has released... Read more
Study: Enough scrap to meet rising U.S. demand for recycled steel
(Posted on 04/03/25)Enough domestic ferrous scrap is available for electric arc furnace (EAF) steelmakers to supply nearly... Read more
Cargill and Hafnia launch Seascale Energy
(Posted on 01/03/25)Cargill’s Ocean Transportation business and leading tanker shipping company, Hafnia, have joined... Read more
