Key Topic – NAFTA
There has been much discussion recently about renegotiation of the North American Free Trade Agreement (NAFTA). Although the Trump Administration still has taken no formal action on NAFTA, it is expected that updates to the agreement will be discussed by trade officials from the U.S., Mexico and Canada in the near future. In fact, Mexican President Enrique Peña Nieto has unveiled plans to launch private sector consultations in preparation for possible NAFTA negotiations, which he says could begin in early May.
From USMEF’s standpoint, it is important to keep in mind the benefits that NAFTA has delivered for U.S. red meat exports and the importance of maintaining duty-free access for these products in Mexico and Canada. It is very likely NAFTA will be reopened for discussion, and at that point the U.S. industry must be prepared to defend the favorable terms currently in place for U.S. meat.