Shutdown Delays USMCA Trade Agreement and Release of January WASDE Report
By NAFB News Service
Jan 3, 2019
The government shutdown could stall progress on President Trumpís North American Free Trade Agreement replacement, the U.S.-Mexico-Canada Agreement. Analysis of the agreement has stopped during the shutdown as the U.S. International Trade Commission, responsible for examining the trade agreement, remains at a standstill. If continued, Politico reports the shutdown could delay release of the report on the economic impact of the new agreement.
The Trade Commission is required to submit the report, which many lawmakers will use to craft their positions on the deal, by March 15th. USMCA was signed by Trump and his counterparts on November 30th, last year. Trump followed a day later with notification that he would withdraw the current NAFTA if lawmakers didnít move to approve USMCA quickly.
The government shutdown, ending soon or not, is likely to delay the January World Agriculture Supply and Demand report as well. Scheduled for next Friday, January 12th, the World Agricultural Outlook Board needs a full week to release the report, once the government opens. Farm Journalís AgWeb reports that while most of the information was gathered before the shutdown, analysis of the data remains...