Back

LatinNews Daily - 27 July 2020

Mexico warns it will defend agricultural trade from US protectionist measures

Mexico: On 22 July Mexico’s federal senate issued a statement noting that Mexican senators, agricultural organisations, producers, and federal government agencies are prepared to defend Mexico’s commercial interests if the US applies protectionist measures on seasonal agricultural products. According to the senate statement, some US legislators are trying to pressure the US government to halt the bilateral trade of seasonal products, to protect US producers and appeal to voters before the US presidential election in November. The statement warns that such actions are not compatible with the US-Mexico-Canada Agreement (USMCA) on regional trade which took effect on 1 July, and that Mexico would respond strongly to protect its interests. The statement cites Luz María de la Mora, deputy minister for foreign trade at Mexico’s economy ministry, as warning that these actions would jeopardise successes achieved in the agricultural sector by both countries. According to senator José Narro Céspedes, president of the senate’s agriculture, farming, fish, and rural development committee, 75% of Mexico’s trade of agri-food products in 2019 (worth a global total of US$68.2bn) was done with the US and Canada.

End of preview - This article contains approximately 625 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.