PRESIDENT TRUMP SIGNS
By | Ty Higgins OHIO FARM BUREAU POSTED JANUARY 29, 2020
USMCA AGREEMENT
the sIGNING of the united states-mexico- sets the stage for new deals that will level the Canada agreement by President Donald trump playing field for ohio farmers.” increases hopes that 2020 will begin a stronger decade for america’s farmers. the usmCa is also expected to result in an overall increase of $65 billion in gross domestic “the united states-mexico-Canada agreement product. Canada will increase quotas on u.s. dairy secures our valuable trade partnership with our products, benefiting american dairy farmers by nearest neighbors and locks in continued market $242 million. Canada also will treat wheat imports opportunities for agriculture that have been the same as domestic wheat for grading purposes. developed over the past two decades,” said Frank mexico also has agreed that all grading standards Burkett, ohio Farm Bureau president. “usmCa for ag products will be nondiscriminatory. the equals an increase of $2 billion in ag exports and agreement also enhances science-based trading standards among the three nations.
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President trump’s signature was the final step in enacting the agreement in the united states. mexico approved the usmCa last year. Canada must still ratify the pact, which is expected to occur in the next few months. the agreement will take effect 90 days after all countries have approved it. usmCa comes on the heels of a string of trade successes. the China Phase 1 agreement signed last December goes into effect in mid-February. the u.s.-Japan trade agreement signed last fall went into effect this past January.
