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Trump Administration to renegotiate NAFTA

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This morning United States Trade Representative Robert Lighthizer notified Congress that President Trump intends to renegotiate the North American Free Trade Agreement (NAFTA). Through these negotiations, the United States seeks to support higher-paying jobs in the United States and to grow the U.S. economy by improving U.S. opportunities to trade with Canada and Mexico.

In the letter to Congress, Ambassador Lighthizer expresses the Trump Administration’s commitment to concluding the negotiations with timely and substantive results for U.S. consumers, businesses, farmers, ranchers, and workers.  These goals will be pursued consistent with U.S. priorities and the negotiating objectives established by Congress in the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA). Negotiations will begin no earlier than August 16, 2017.

“Today, President Trump fulfilled one of his key promises to the American people. For years, politicians have called for the renegotiation of this agreement, but President Trump is the first to follow through with that promise,” said Ambassador Lighthizer. “USTR will now continue consultations with Congress and American stakeholders to create an agreement that advances the interests of America’s workers, farmers, ranchers, and businesses.”

National Corn Growers Association President Wesley Spurlock urged Lighthizer to remember the interests of U.S. agriculture as they begin modernizing the agreement.

“The Trump Administration understands that NAFTA has been an unequivocal success story for American agriculture,” said Spurlock. “Exports are one pillar of a strong farm economy, accounting for 31 percent of farmer income. Nowhere is the importance of trade stronger than right here in North America. Since NAFTA was implemented, U.S. agricultural exports to Canada and Mexico have tripled and quintupled, respectively. We export billions of dollars of corn and corn products to these countries each year.

“The National Corn Growers Association will work closely with the Trump Administration and Congress to build on the successful trade relationship we have with Canada and Mexico. We want to ensure any updates to NAFTA maintain or increase opportunities for America’s farmers and ranchers.”

USTR will publish a notice in the Federal Register requesting public input on the direction, focus, and content of the North American Free Trade Agreement negotiations.

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