OK PORK Applauds the Senate for Passing USMCAMon, 20 Jan 2020 10:42:03 CST
The US Senate passed the United States-Mexico-Canada Agreement by a vote of 89 to 10. The trade deal will replace the North American Free Trade Agreement. Both Senate members from Oklahoma voted yes on the deal and Oklahoma’s pig farmers want to express their thanks.
Cathy Vaughan, president of the okPORK board of directors, says finalizing the USMCA is a tremendous positive for pig farmers across the country.
“The passage of USMCA has been needed for a very long time,” said Vaughan. “We appreciate the Senate for getting the vote completed promptly so the benefits of this trade agreement can start helping pig farmers. Mexico and Canada represent two of the four largest export markets for US pork and this agreement preserves our zero-tariff access to those markets. We appreciate the leadership of Senators Inhofe and Lankford and their work to get USMCA across the finish line.”
USMCA addresses the world’s largest trading area, one with a population of nearly 500 million people and a GDP of over $21 trillion. Since trade agreements were first initiated between the United States and its North American trading partners, Canada and Mexico have evolved into two of the largest export markets for U.S. pork products.
Pork producers rely on these two markets. Last year, Canada and Mexico took over 40 percent of the pork that was exported from the United States. The USMCA preserves zero-tariff trade for U.S. pork in North America.
To learn more about okPORK visit www.okpork.org or call 405-232-3781.
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