South Korea last week requested the Trump administration to postpone any review of the U.S.-Korea Free Trade Agreement until a new trade minister is appointed in South Korea. The request comes after U.S. Trade Representative Robert Lighthizer requested a review of the agreement on July 12th in a letter to Korea’s former minister of trade. South Korea suggested that both …
Perdue Welcomes Specialty Crop Producers’ Ideas on NAFTA
Agriculture Secretary Sonny Perdue met with the Mexican secretary of agriculture last week, where discussions about various issues for producers in both countries took place. Of course, this is all leading up to talks concerning the North America Free Trade Agreement (NAFTA). During a teleconference, Perdue said he knows certain sectors of agriculture, like fruit and vegetable growers across the …
Trucks Carry Majority of NAFTA Freight
Trucks carry more freight between the U.S., Mexico, and Canada under the North American Free Trade Agreement than railcars. The Department of Transportation’s Bureau of Transportation Statistics last week reported that trucks carried 63.4 percent of NAFTA freight between May 2016 and May 2017. U.S.-NAFTA freight totaled $98.2 billion during that time, with trucks accounting for $32.2 billion of the …
Japan Beef Tariff Increase Highlights Need for Trade Agreement
The National Cattlemen’s Beef Association says the increased tariff on beef imports to Japan underscores the “urgent need” for a bilateral trade agreement between Japan and the United States. Japan announced it would increase the tariff on frozen beef imports from 38.5 percent to 50 percent until April 2018. NCBA President Craig Uden says the tariffs “unfairly distort the market …
Ag Industry Provides Testimony on NAFTA
Dairy, poultry, grains, oilseeds and produce industry leaders told House Ag lawmakers this week that NAFTA modernization talks with Canada and Mexico should “do no harm” to their sectors, but only improve trade opportunities. ‘Preserve what’s working…strengthen what can be better…and fix what’s broken’ was the message from former USDA Secretary Tom Vilsack, now president and CEO of the US …
NAFTA is a Problem for U.S. Specialty Crop Industry
The House Agriculture Committee held a hearing Wednesday to highlight opportunities for agriculture in the upcoming renegotiation of the North American Free Trade Agreement (NAFTA). Chairman Michael Conaway and members of the committee heard from various stakeholder groups on opportunities to achieve the best deal possible for American agriculture. One of those providing testimony was Executive Vice President of the …
NCBA CEO Testifies on Capitol Hill: “Please Do No Harm!”
National Cattlemen’s Beef Association (NCBA) CEO Kendal Frazier testified on Capitol Hill in support of the North American Free Trade Agreement (NAFTA) and warned Congress against using the treaty’s renegotiation to resurrect failed policies like mandatory Country-of-Origin Labeling (COOL). “Quite frankly, it is difficult to improve upon duty-free, unlimited access to Canada and Mexico, and we are pleased to see …
NCBA CEO Testifies on NAFTA
National Cattlemen’s Beef Association (NCBA) CEO Kendal Frazier testified this week before the U.S. House Agriculture Committee on Capitol Hill in support of the North American Free Trade Agreement (NAFTA). He discusses his testimony which supported keeping foreign markets open to American beef producers. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners …
U.K. and U.S. Taking First Steps to Trade Deal
British International Trade Secretary Liam Fox and U.S. Trade Representative Robert Lighthizer have taken the first steps towards a U.S.-U.K. free trade agreement. The duo recently met to create a working group that will “lay the groundwork” for a bilateral trade deal, according to Politico. However, official negotiations cannot begin until the United Kingdom formally leaves the European Union around …
Multiple Rounds of NAFTA Negotiations Expected
A top official from Mexico expects between six to nine rounds of negotiations between the United States, Mexico and Canada on the North America Free Trade Agreement. Mexico’s Economy Minister said last week the NAFTA members were looking at avoiding gaps of more than three weeks between negotiating rounds with a view to making quick progress, according to Reuters. The …