USMCA (aka NAFTA 2.0): here are the winners & losers

06 October, 2018, 11:50 | Author: Gregory Stephens
  • Ian Lee is a professor at Carleton University's Sprott School of Business

A local farmer is saying that "the outlook is not as good as it once was for Ontario Dairy Farmers".

While Canada's Liberal government said the new United States-Mexico-Canada Agreement (USMCA) agreement is good for Canada, the main opposition party questioned whether it is an improvement. Mexico was the largest volume market previous year for USA hog producers and the No. 1 destination for US cheese.

Wisconsin Public Radio's Hope Kirwan caught up with dairy farmers to ask how they're feeling about the new trade deal. Hundreds of people from across the country are checking out booths with everything from robotic milking machines to cow-themed artwork.

The Dairy Farmers of Ontario, which advocates for farmers in the province, said on Wednesday it was disappointed with the decision and planned to hold the government to its word to support the industry.

KATIE ZIEMER: It's the biggest show where dairy cattle come together. Additionally, in 2011, Strathcona County housed only nine dairy farms at a total of 587 animals.

China's Defense Ministry said a Chinese naval ship had been sent to warn the USA vessel to leave and that Beijing had irrefutable sovereignty over the South China Sea islands and the waters around them. This is because it is estimated that about 14 million United States jobs depend on trilateral trade with Canada and Mexico. "It's growing more expansive and intrusive, often with the help of U.S. technology", he said. The price farmers are paid for their milk dropped from $26 for 100 pounds of milk in 2014 to just $16 now. The goal was to boost domestic sales.

Canada also introduced tariffs on USA yogurt, ketchup and soup products.

The DFC is the national policy, lobbying and promotional organization representing Canada's farmers.


Following more than a year of negotiations, the three countries have reached agreement in key areas, including rules of origin for automotive manufacturing, agriculture, labour, intellectual property rights, culture and dispute-settlement.

"The recent announcement regarding the United States-Mexico-Canada Agreement is positive news for NY farmers". Mark Stephenson heads dairy policy analysis at the University of Wisconsin-Madison. The two countries have imposed increasingly severe tariffs on each other. It was about other markets, too. And that began to compete directly with USA export sales.

Officials with automotive producers in both Canada and the USA were pleased with the deal.

DAVID WIENS: You know, Wisconsin produces more milk than all of Canada does.

"How much is it going to change in farmer's milk checks?"

Raymond Bachand, Quebec's chief free-trade negotiator during the recently concluded negotiations, said the number one objective for Quebec was to preserve access to the American market and that was done.

Under that pricing scheme, the Canadian government would look at the world market price for powered milk and set the Canadian price paid to dairy farmers at around 35 percent below the world price each month, explained Gordon. But he says fixing trade with Canada won't really help make his financial situation better.

Below, BNN Bloomberg breaks down the expected winners and losers of the new agreement. So this a - certainly a Band-Aid and not a fix. The addition of Mexico in 1994 broadened the scope of the deal in a logical way, and protected Canada against the risk of a bilateral agreement between the United States and Mexico. For NPR News, I'm Hope Kirwan in Madison.

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