Trade with Mexico and Canada delivers significant economic benefits to rural communities across the U.S., according to a new economic analysis released today by the Agricultural Coalition for the United-States-Mexico-Canda Agreement.
During a press conference this morning in Washington, D.C., coalition members highlighted the findings and urged leaders of the United States, Canada and Mexico to renew and further strengthen USMCA as the agreement enters its formal review period.
“Our analysis shows that USMCA is a powerful driver for employment, investment and long-term competitiveness in the U.S. agricultural sector,” said Krista Swanson, chief economist for the National Corn Growers Association, a member of the coalition. “While the agreement is due for a few targeted improvements, overall, it is critical to the farm economy and a key part of rural America’s success and resilience, particularly during tough economic times like we are in now.”
Under the terms of the agreement, the United States, Canada and Mexico must begin a formal review of USMCA by July. As part of the process, the three countries will determine whether to renew the agreement, make targeted updates, terminate or shift to annual consultations.
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