10-01-18 NAFB: New NAFTA Updates Dairy Trade

NAFB: New NAFTA Updates Dairy Trade

NAFB News Service – October 1, 2018 – A late-night agreement Sunday offers a new NAFTA and new terms on dairy for the United Sates. Canada agreed to join the renegotiated North American Free Trade Agreement, now called the U.S.-Mexico and Canada Free Trade Agreement, or USMCA. Canada has reportedly agreed to make concessions on dairy, giving U.S. farmers more market access to Canada and revamping the Class 7 pricing to reflect its impact on export markets. It appears The U.S. and Canada traded dairy access to allow the Chapter 19 dispute clause to remain. Gregg Doud, chief agriculture negotiator at the U.S. Trade Representative’s Office, said last week that “it’s time” for Canada to make decisions, with a soft deadline set for the weekend. Speaking last week, Doud says there’s a reason the dairy issue was taking so long…