In a letter sent to Congress, more than 950 groups representing the US food and agriculture value chain at national, state and local levels urged the ratification of USMCA. The letter reiterated that USMCA would “benefit the US agriculture and food industry while providing consumers a more abundant supply of high-quality, safe food at affordable prices”.
“Canada and Mexico represent two of our most critical markets, making up nearly 30% of beef exports and 40% of pork exports” NAMI president and CEO Julie Anna Potts said. “Swift ratification of the USMCA would benefit American consumers and the meat and poultry industry, while making a significant investment in our economy.”
The letter detailed how, over the last 25 years, US food and agricultural exports to Canada and Mexico have more than quadrupled under NAFTA – growing from US$9bn in 1993 to nearly US$40bn in 2018 and helping to support more than 900,000 American jobs in food and agriculture and related sectors of the economy.
The signatories believe that USMCA builds on the success of NAFTA [North America Free Trade Agreement], makes improvements to further enhance US food and agricultural exports to its neighbours, and would deliver an additional US$2.2bn in US economic activity.
This was backed up by the International Trade Commission’s recent report on USMCA, which confirmed that the agreement would improve market access for US farmers, ranchers and food producers, as well as positively impact both the US agriculture sector and the broader national economy.