White Paper Looks at NAFTA Impact
by: Agribusiness Report
On May 18th, the congressional committees that oversee
trade were told that the Trump Administration wants to renegotiate the North American Free Trade Agreement (NAFTA), which started a 90 day window.
NAFTA is now 23 years old, in that time, all trade to Canada and Mexico have increased to a third of U.S. exports to the world, totaling half a trillion dollars in 2016.
There have been winners and losers in the trade deal, but Neil Dierks, CEO of the National Pork Producers Council (NPPC) says agriculture has benefited a lot from free trade, "Our sector has done well with NAFTA and we don't need any changes to our sector, to the pork industry. And I believe generally speaking, most agricultural products, what exists today is desirable."