LatinNews Regional Monitor: Mexico - 25 February 2020

* The director of consultancy Grupo Consultor de Mercados Agrícolas (GCMA), Juan Carlos Anaya, has said that the US-Mexico-Canada Agreement (USMCA) on regional trade will bring “disadvantages” to the sector compared with its predecessor, the North American Free Trade Agreement (Nafta). According to Anaya, the agreement’s heightened labour and environmental standards increase the chances that Mexico’s producers could be hit with “anti-dumping” litigation by the US. The problem, he adds, is that Mexico will have to defend itself in US courts as opposed to those of the World Trade Organisation (WTO). Another disadvantage to Mexico in the new agreement is that it will only be permitted to export products to the US when they are not in season there, a change that Anaya stresses will hit the US consumer hardest as currently they enjoy Mexican products all year round.

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