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Death of NAFTA Will Cost U.S. Agriculture Warn Business Groups

Posted November 28, 2017

Under Economic Issues, International Trade Issues

(Manitoba Cooperator)

Dear Secretary Ross:

We are writing to respectfully share information relevant to your recent observation that there is “not a world oversupply of agricultural products” and that harm to American food and agriculture interests from a potential NAFTA withdrawal is an “empty threat.”

We recognize that the North American Free Trade Agreement (NAFTA) has not benefited some sectors as it has American food and agriculture. The food and agriculture industry is the heart of rural America, providing employment all along the value chain, including associated industrial and manufacturing industries, to ensure that U.S. and global consumers have access to high-quality, safe, and affordable food and agricultural products.

We respectfully submit that notification of NAFTA withdrawal would cause immediate, substantial harm to American food and agriculture industries and to the U.S. economy as a whole. Under NAFTA, American food and agriculture exports to Canada and Mexico grew by 450 per cent. In 2015, the United States held a 65 per cent market share for agriculture products in the NAFTA region, and in 2016, we exported nearly $43 billion (all figures U.S. funds) worth of food and agriculture goods to Canada and Mexico, making our NAFTA partners the largest export consumers of U.S. agriculture. Click here to read more.