On September 30th, the U.S. and Canada reached an agreement that would keep the new version of NAFTA, now called the United States-Mexico-Canada Agreement (USMCA), tri- lateral. The new USMCA will maintain zero tariffs on agricultural goods and allows access for U.S exports of dairy, poultry and eggs into the Canadian market and in exchange the United States will provide Canada with diary, peanuts, processed peanut products, and limited amounts of sugar. Click here for a fact sheet on the agriculture provisions that has been released by the U.S. Trade Representative’s office. By agreeing to the text on September 30, the outgoing President of Mexico will be able to sign the deal prior to leaving office. The agreement requires approval from Congress, with a vote likely to happen sometime in 2019.
To read the full agreement, click here.