Trade with Mexico and Canada delivers significant economic benefits to rural communities across the U.S. That’s according to new economic analysis released today by the Agricultural Coalition for the U.S.-Mexico-Canada Agreement.
During a press conference in Washington, D.C., coalition members highlighted the findings and urged leaders of the three countries 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 coalition member. “While the agreement is due for a few targeted improvements, overall, it’s critical to the farm economy and a key part of rural America’s success and resilience, particularly during the tough economic times that we’re in right now.”
Among the coalition’s findings, agricultural and seafood exports to Canada and Mexico generated $149 billion in total economic output.
Source: NAFB News Service
