In this file:
· Gov. Ricketts Praises Signing of United States-Mexico-Canada Agreement
· Fischer, Smith express gratitude for U.S., Mexico, Canada trade agreement
· Fischer Statement on Signing of USMCA
· Progress on USMCA deal welcomed
· NAFTA Replacement USMCA Signed at G20
Gov. Ricketts Praises Signing of United States-Mexico-Canada Agreement
BY Office of Governor Pete Ricketts (R-NE)
via KTIC (NE) - November 30, 2018
LINCOLN – Today, Governor Pete Ricketts issued a statement following news from the White House on the signing of a new trade agreement with Canada and Mexico named the United States-Mexico-Canada Agreement (USMCA).
“President Trump has delivered on his promise to finalize a new trade deal with Canada and Mexico,” said Governor Ricketts. “The importance of this new deal to Nebraska cannot be overstated. These two countries are top customers for Nebraska, and are critical markets for growing trade opportunities. This new deal makes progress in the three areas Nebraska’s leaders outlined for trade negotiations with these countries over a year ago. Most importantly, it helps give Nebraska’s farmers and businesses much-needed certainty, and will help us grow these important trade relationships for years to come.”
More information about Nebraska’s principles for trade negotiations with Mexico and Canada can be found by clicking here.
NEBRASKA’S TRADE RELATIONSHIP WITH CANADA AND MEXICO
Mexico is Nebraska’s second largest export market and Canada is the state’s third largest market. Combined, the countries purchased over $2.4 billion worth of Nebraska’s exports in 2016. Canada and Mexico are also substantial direct international investors in Nebraska, employing about 6,400 people in the state. Mexico is the state’s largest export market for corn, dairy products, and sugar/sweeteners. Canada is Nebraska’s largest export market for ethanol and dog and cat food.
Here is a breakdown of Nebraska’s top six agricultural exports to Canada and Mexico (combined):
Fischer, Smith express gratitude for U.S., Mexico, Canada trade agreement
By Robert Pore, Wahoo Newspaper
Dec 1, 2018
Both Sen. Deb Fischer, R-Neb., and Rep. Adrian Smith, R-Neb., both expressed appreciation to the Trump administration for the U.S., Mexico and Canada trade agreement. The agreement was signed by President Trump on Thursday. The deal replaces the North American Free Trade Agreement.
A more modern approach
Fischer, a member of Senate Agriculture Committee, said the agreement modernized the trade deal between the three countries.
“Nebraska agriculture producers and their families depend on access to international markets, especially during these difficult times for the farm economy,” Fischer said. “I look forward to reviewing the agreement soon.”
The agreement must be approved by Congress.
The agreement was signed during an economic meeting held in Buenos Aires, Argentina. Smith said the deal holds “great promise for Nebraska’s agricultural producers through expanded trade with America’s neighbors. I look forward to reviewing the agreement in detail once submitted to Congress for ratification.”
Smith is a member of the House Ways and Means Committee, which has jurisdiction over trade.
The announcement of Trump’s signing of the USMCA is welcome news to farmers mired in an economic downturn due to low commodity prices and rising input costs. While the tariff disputes with China are having a disruptive effect on markets and prices, especially after a record corn and soybean harvest in the U.S., Mexico and Canada are Nebraska’s two largest trading partners.
Largest trading partners
Trade is a vital component of Nebraska agricultural economy. According to the Nebraska Farm Bureau, Nebraska was the nation’s fifth-largest agricultural exporting state in 2016. Ag exports from Nebraska in 2016 were three times the number of state exports in 2000. During that year, Nebraska’s exports of soybeans, soybean meal, corn, wheat, beef, dry beans, ethanol and dried distillers grain averaged $103,918 per farm.
Agricultural trade is especially crucial with Mexico as that country is a leading importer of Nebraska soybeans, corn, beef, sorghum and dairy. Canada is among the top five importers of Nebraska beef, pork and dairy.
According to the U.S. Census Bureau, in 2017 Canada and Mexico were the leading destination for Nebraska exports with a value of more than $3 billion, and accounted for 43 percent of all Nebraska exports.
A local effect ...
Fischer Statement on Signing of USMCA
BY Senator Fischer, KTIC (NE)
December 1, 2018
WASHINGTON, D.C. – U.S. Senator Deb Fischer, a member of Senate Agriculture Committee, released the following statement today after President Donald J. Trump signed the U.S.–Mexico–Canada Agreement (USMCA):
“I’m grateful to President Trump for his hard work to negotiate this modernized trade deal. Nebraska agriculture producers and their families depend on access to international markets, especially during these difficult times for the farm economy. I look forward to reviewing the agreement soon.”
Mexico and Canada are Nebraska’s two largest trading partners.
Progress on USMCA deal welcomed
By Aidan Fortune, GlobalMeatNews
Leaders of the nations involved in the US-Mexico-Canada Agreement (USMCA) have taken a significant step forward by signing the deal to open up trade between the three countries.
Set to replace the previous North American Free Trade Agreement (NAFTA), which US President Trump was not in favour of, the USMCA deal involves over US$1tn of trade, including meat and poultry products. The deal has to be ratified before it can take effect.
Speaking following the signing of the USMCA deal, US Secretary of Agriculture Sonny Perdue said: “The new USMCA makes important specific changes that are beneficial to our agricultural producers. We have secured greater access to the Mexican and Canadian markets and lowered barriers for many of our products. The deal eliminates Canada’s unfair Class 6 and Class 7 milk pricing schemes, opens additional access to US dairy into Canada, and imposes new disciplines on Canada’s supply management system. The agreement also preserves and expands critical access for US poultry and egg producers and addresses Canada’s discriminatory wheat grading process to help US wheat growers along the border become more competitive.
“This is good news for American farmers and we now need Congress to follow suit and enact the necessary implementing legislation. I commend President Trump and our US Trade Representative, Ambassador Lighthizer, for their perseverance, leadership and hard work.”
The deal has been welcomed by the National Cattlemen’s Beef Association president Kevin Kester.
“With the signing of the US-Mexico-Canada Agreement, US beef producers are one step closer to knowing that unrestricted, science-based trade will continue in North America,” he said. “The agreement brings the trading relationship with our neighbours into the 21st century – and clearly rejects the failed beef and cattle trade policies of the past. Open markets have helped US producers flourish and created billion-dollar markets for US beef. We look forward to working with Congress to get USMCA passed into law as quickly as possible.”
Not everyone is as impressed by the deal however. The National Farmers Union (NFU) said...
NAFTA Replacement USMCA Signed at G20
By Eric Pfeiffer, Hoosier Ag Today
Dec 2, 2018
After an announcement on Thursday that an agreement in principle has been reached on the 2018 farm bill, another political sticking point for farmers took a step forward on Friday. President Donald Trump, Mexican President Enrique Pena Nieto, and Canadian Prime Minister Justin Trudeau signed the new United States-Mexico-Canada Trade Agreement (USMCA) at the G20 Summit in Argentina.
“In the United States the new trade pact will support high-paying manufacturing jobs and promote greater access for American exports across the range of sectors including our farming, manufacturing, and service industries,” Trump said. “As part of our agreement the United States will be able to lock in our market access to Canada and Mexico and greatly expand our agricultural exports, something we’ve been wanting to do for many years.”