North American Free Trade Agreement (NAFTA)
ISG supports trade agreements, like NAFTA, that help expand U.S. soy exports and support trade opportunities throughout North America. It’s crucial that the agriculture sector maintains negotiated terms under the current structure of NAFTA while also modernizing the agreement as appropriate. NAFTA includes the U.S., Canada and Mexico.
NAFTA/USMCA Update September 30, 2018
Reaching an agreement with Mexico and Canada, the U.S. rebrands the NAFTA partnership as the United States-Mexico-Canada Agreement (USMCA).
ISG is encouraged to see action on trade with these critical trading partners, but will continue to urge the White House to break down trade barriers to create market access opportunities for Illinois soybeans.
NAFTA Update June 2018
The next round of trade talks occurred at the G7 summit June 8-9 in Quebec, Canada. However, disagreements on core U.S. demands, including the latest tariff announcements, have stagnated progress.
NAFTA Update January 23, 2017
President Trump issued an executive order announcing his desire to renegotiate NAFTA. Both Canada and Mexico indicated a willingness to renegotiate.
ISG supports modernizing NAFTA so long as agricultural agreements outlined in the current structure remain in place.