Canada’s Prime Minister during the original North American Free Trade Agreement negotiations says the nation is in a better position now than it was 23 years ago to negotiate the agreement. Former Prime Minister Jean Chretien served in office between 1993 and 2003. He said back in 1994, Canada had a surplus of $50 billion a year in trade. But …
NAFTA Nations Reports Progress Despite Tensions
Negotiators in the North American Free Trade Agreement talks say they’re making progress after the third round of talks concluded Wednesday. A Bloomberg report says that talk of progress comes as tensions grow between the U.S. and Canada over aircraft. The U.S. imposed trade duties on Canadian-made aircraft, inflaming tensions with Canada. The nations did make some progress in the …
South Korea Trade Representative Meets with U.S. Lawmakers
South Korea’s Trade Minister is meeting with lawmakers in Washington, D.C. this week, ahead of a meeting with U.S. Trade Representative Robert Lighthizer next month. Lighthizer will meet with Korea next month to discuss a “path forward” for KORUS, The U.S.-Korea Free Trade Agreement. Korea’s Trade Minister has met with agriculture sector lawmakers, including Nebraska Republican Deb Fischer, to discuss …
WTO Will Investigate U.S. Complaint over China
The World Trade Organization has created a dispute panel to investigate U.S. complaints regarding import quotas by China. The panel came at the request of the U.S. regarding quotas on wheat, rice, and corn. The panel on tariff rate quotas for agricultural products was automatically established as it was the second request by the United States at the WTO Dispute …
U.S. Has First NAFTA Finalization Target
The United States now has a tentative timeline to complete the North American Free Trade Agreement (NAFTA) negotiations. The Trump administration notified Congress Friday evening of expected changes to trade remedy law as a result of the ongoing trade talks, according to Politico. Notification is required at least 180 days before a trade agreement is signed, under the trade promotion …
Agri View: Trade with Cuba
Everett Griner talks about the strong support being shown for trade with Cuba in today’s Agri View.
New Zealand Triples U.S. DDGS Purchases
Record milk production in New Zealand has led the nation to triple the amount of imported U.S. distiller’s dried grains with solubles. The U.S. Grains Council reports that the 2017 milk supply in New Zealand is expected to reach 21.9 million tons, surpassing the prior record of 2014, thanks to higher-expected cow numbers and optimal pasture conditions. With the further …
Trade Officials Talks KORUS
Trade leaders from South Korea and the United States met for the first time last week to discuss the U.S.-Korea Free Trade Agreement. The Trump administration has targeted the free trade agreement for renegotiation, or even termination. A South Korea-based news agency reports U.S. Trade Representative Robert Lighthizer met with South Korea’s Trade Minister to “discuss ways to move forward” …
Is NAFTA Renegotiation Slowing Other Trade Deals?
An Agri-Pulse report says the North American Free Trade Agreement negotiations may actually be costing agriculture other opportunities. The non-yet-fully-staffed Office of the U.S. Trade Representative is fully occupied with NAFTA. However, groups like the National Pork Producers Council and the National Cattlemen’s Beef Association want the Trump administration to push ahead with other trade agreements in order to cut …
NAFTA Talks Head to Canada Next Week
The third round of formal negotiations on the North American Free Trade Agreement gets underway next week in Canada. Round three of the talks are planned in Ottaway September 23rd through September 27th. The meeting follows the first set of talks in Washington, D.C., and the second round of talks held in Mexico City, Mexico earlier this month. However, rounds …