In testimony to the U.S. International Trade Commission last week, the U.S. Grains Council called the U.S.-Mexico-Canada Agreement a “gold standard” in removing non-tariff barriers for trade and increasing trade volume. The Grains Council says USMCA, the negotiated update to the North American Free Trade Agreement, would remove remaining barriers to grains trade in the region and bolster continued growth in North American markets for commodity grains and value-added grain products like meat and ethanol. The agreement represents top trade markets for U.S. grains. Exports of grains in all forms, including U.S. corn, barley, sorghum, distiller’s dried grains with solubles, ethanol and certain meat products, have increased 279 percent to Mexico and 431 percent to Canada since NAFTA went into effect. USGC says Mexico and Canda offer significant additional potential growth, adding that USMCA, like NAFTA, “will be the foundation of that success.”
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