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May is World Trade Month

Throughout May, celebrated as World Trade Month, we will look at the investments the corn check-off makes to develop markets for corn and corn products. 

Minnesota Corn supports efforts to develop markets through our partnerships with U.S. Grains Council and the U.S. Meat Export Federation (USMEF). The U.S. Grains Council (USGC) develops export markets for barley, corn, sorghum, and related products, including distiller’s dried grains with solubles (DDGS) and ethanol. With a full-time presence in 28 locations, USGC operates programs in more than 50 countries and the European Union. USMEF represents beef, veal, pork, and lamb producers and feeders; packers and processors; purveyors and traders; oilseeds producers; feed grains producers; farm organizations; and supply and service organizations. USMEF carries out market development activities in more than 80 countries.

Exports of corn and co-products contribute significantly to Minnesota’s economy. In 2021, exports of corn and its co-products added $5.6 billion in value to the Minnesota economy. Minnesota corn and co-product exports were valued at $2.56 Billion.

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.