A new report by Business Roundtable suggests that ending the North American Free Trade Agreement (NAFTA) would result in job losses of more than 1.8 billion in the United States. As negotiators are meeting in Canada this week, the report was released to “urge the administration to take into account the potential damage of withdrawing from NAFTA.” Drafting two scenarios, …
TPP 11 Agreement in Place, Signing set for March
Just as Trans-Pacific Partnership (TPP) nations seemed ready to leave Canada behind, the nation has reached an agreement to sign the trade pact. Renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the agreement comes after talks in Japan this week, according to CBC News of Canada. With Canada now on board, with the approval of its agriculture sector, the …
Farm Bureau Members Focusing on Trade
The sixth round of North American Free Trade Agreement (NAFTA) talks are underway in Canada, and the American Farm Bureau Federation is looking to the talks as a way to modernize the agreement and improve on gains for U.S. ag. AFBF senior director of congressional relations Dave Salmonsen says top trade officials are attending the talks this week, and could …
TPP Talks Continue as Canada Shows Hesitation
Trade officials gathering this week in Tokyo are trying to forge ahead on the Trans-Pacific Partnership (TPP) without the United States but are bogged down by Canada. The member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, also known as TPP 11, reached a basic agreement on the pact in November. But, Canada is holding out to secure …
Another Round of NAFTA Talks Getting Underway
Trade negotiators are in Montreal for the next round of talks regarding the North American Free Trade Agreement (NAFTA). The session could be the last round of significant talks before the Mexican presidential campaigns which lead up to a July first election, making negotiations too difficult, according to the Hagstrom Report. The talks will last until January 29th, when the …
Cattle Producers Uneasy with Trade Issues
The beef industry, like many others in agriculture, knows the importance of trade with other countries. One of the biggest is the North American Free Trade Agreement, as NAFTA is important to the beef industry. National Cattlemen’s Beef Association (NCBA) senior vice president of government affairs, Colin Woodall, knows there is some uneasiness right now as to what will happen …
Mexican Ambassador says NAFTA Negotiations Are Making Progress
The Mexican Ambassador to Washington tells Bloomberg that the U.S., Canada, and Mexico have general agreement on 40 percent of the topics being renegotiated in the NAFTA talks. Geronimo Gutierrez says Mexico may also be willing to accept an increase in the minimum regional content for automobiles traded under the deal. Gutierrez says Mexico is focusing on increasing employment, something …
Former Ag Secretary says Trump Understands Importance of NAFTA
Trade negotiators are gearing up for the next round of talks on the North American Free Trade Agreement (NAFTA) in Canada. Some industry stakeholders are frustrated because they feel not enough progress has been made so far. Mike Johanns, a former Ag Secretary, says, “So far, the negotiations really haven’t gone anywhere.” There are stakeholders in agriculture who wonder if …
Dairy States Need Strong NAFTA
Trade, and improving trade, is critically important for the U.S. dairy industry, especially in Wisconsin. U.S. Senator Tammy Baldwin, a democrat from Wisconsin, says trade is vitally important to all sectors of the U.S. economy, including dairy, but the U.S. needs fair trade agreements. Baldwin says the Trump administration needs to double down its efforts to renegotiate the North American …
NAFTA on Farmers’ Minds, China Bigger Trade Challenge
The North American Free Trade Agreement (NAFTA) talks may be foremost on farmers’ minds these days, but two deputy U.S. Trade Representative nominees told Senate Finance members, China is the bigger trade challenge. President Trump tapped Dennis Shea to be a deputy U.S. Trade Representative to the World Trade Organization in Geneva, and Shea, who’s headed the China-U.S. Economic and …