USMCA is a Big Win for the U.S. Animal Food Industry
The American Feed Industry Association congratulates and thanks Congress on the long-awaited passage of the United States-Mexico-Canada Agreement (USMCA). The U.S. animal food manufacturing industry depends on the free-trade access it enjoys with Canada and Mexico, which has allowed exports of feed ingredients, feed and pet food to more than quadruple since the North American Free Trade Agreement’s (NAFTA) implementation, growing from roughly $669 million in 1993 to over $3.2 billion today.
Constance Cullman, AFIA’s president and CEO, stated the following:
“I am excited for the opportunities that will come from the implementation of USMCA. The USMCA not only builds on the success of NAFTA by facilitating greater market access, regulatory transparency and accountability among the three trading partners, but it also sends a message to our other trading partners that the United States is serious about enhancing trading relationships, supporting U.S. businesses and exports and setting a new standard for how trade agreements with the United States are expected to look. In addition, many AFIA members have integrated businesses – where they have operations in the United States, Mexico and Canada and the USMCA will facilitate growth across all their business units.”