U.S. House Democrats have signed off on a new version of the United States-Mexico-Canada Agreement, which comes over a year after the original deal was signed, reports Supermarket News. U.S. Trade Representative will go to Mexico to sign the revised deal.
The trade agreement will preserve and expand market access for U.S. agricultural products, maintain a tariff-free environment for most goods, and address non-tariff barriers.
“This new North American trade agreement maintains and secures the existing supply chain, resulting in continued growth in U.S. food and beverage exports,” says Andy Harig, vice president, tax, trade, sustainability, and policy development for the Food Marketing Institute. “The USMCA supports U.S. jobs and enables grocers to keep feeding families and enriching the lives of American consumers." Full Story
Related: Retailers Ready to Raise Prices as Tariffs Hit; US, Japan Sign Trade Agreement.
from Specialty Food News https://ift.tt/2E7CnzZ
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