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The main trade representatives for the EU, the US and Japan delivered a joint statement committing to enhance trilateral cooperation and to re-establish a “global level playing field” in international trade.
Secretary of Agriculture Sonny Perdue touched on the importance of trade for U.S. agriculture, the North American Free Trade Agreement (NAFTA), the upcoming Farm Bill and regulatory reform during a Tuesday (Dec. 12) speech at the National Press Club.
The World Trade Organization's (WTO) 11th Ministerial Conference (MC11) in Buenos Aires, Argentina continued to see sharp fault lines among members during its third day. A joint proposal from the US, European Union (EU) and Japan on factory output, and public stockholding of food drew particular attention. But the overall tone of the talks remains more than subdued.
President Donald Trump signed a continuing resolution (CR) Dec. 8 that averted a government shutdown, but the latest measure only funds federal agencies until Dec. 22, making it likely lawmakers will need another stop-gap bill to keep the government afloat.
Negotiators from the NAFTA countries meet for inter-sessional talks in Washington, DC, with the sessions officially set to run from December 11-15. These discussions are not expected to involve the chief negotiators and are aimed at ideally making progress in areas that are less-contentious.
Should the NAFTA trade talks collapse or the Trump administration makes good on the threat of pulling out of the trade deal, the North American dairy market would be significantly impacted, according to a new study highlighted by IEG Vu, powered by Dairy Markets.
Mexico has launched an appeal of the compliance decision issued by the World Trade Organization (WTO) on Mexico's challenge that the US "dolphin safe" tuna labeling program has not been brought into compliance with world trade rules.
If Donald Trump maintains his commitment to abandoning the North American Free Trade Agreement (NAFTA), should negotiations on reforming the deal fall flat, it could lead to a major disruption not only of US agricultural trade but also create considerable instability in world agri-food markets.
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