Following the Trump Administration’s January 23 withdrawal from Trans Pacific Partnership discussions, agriculture industry members are encouraged by the recent decision to pursue renegotiation of the North American Free Trade Agreement (NAFTA).
NAFTA is a comprehensive economic and trade agreement that establishes a free-trade area between the U.S., Canada and Mexico.
Since its creation in 1994, U.S. farmers and ranchers have benefited from an increase in annual exports to Mexico and Canada.
Combined, Mexico and Canada account for about one-third of U.S. agricultural exports. Since NAFTA's implementation in 1994, agricultural exports to Canada and Mexico have totaled approximately $310 billion and increased by more than 300 percent from pre-NAFTA levels.
Canada and Mexico account for one-third of U.S. agricultural exports
American Farm Bureau Federation's Trade Web page
Farm Bureau’s international trade policy supports the following concepts: