Members of the American Soybean Association (ASA) board of directors attended the signing ceremony for the United States-Mexico-Canada trade agreement (USMCA) at the White House. Wisconsin representative, Brad Kremer was in attendance and joined leaders from other agriculture groups that will also be positively impacted by the signing. The deal is set to take effect once each of the three countries ratifies the agreement. Trade for all three counties grew under the North American Free Trade Agreement (NAFTA), similar growth is expected to take place under USMCA.
Now that the USMCA agreement has been signed into law, soybean farmers from across the United States will be able to maintain access to two of their top markets. ASA President, Bill Gordon noted following the ceremony “[this agreement] will also support the poultry and dairy industries that are important to soy.” Those in agricultural industries have struggled in recent years, and positive actions by the Administration brings new hope and increased access to markets for their products.
The ASA has been a strong supporter for the USMCA since the current Administration agreed to modernize the 25-year-old NAFTA into the 21st century. Learn more about this agreement, here.