Mexico is prepared for a dispute panel over U.S. corn

Mexican flag 1280x720.jpg

Market Day Report

The Mexican government said it is prepared to defend its ban on U.S. genetically modified corn.

Agricensus reports the Ministry of Agriculture’s Undersecretary of Food Self-Sufficiency held a news conference on Thursday.

“If necessary, the Mexican government, if the United States government calls for it, will go to the dispute panel, but we will not cede in something that is vital as a right of our country and as a right of our people,” said Victor Suárez.

He claims the U.S. opposition to the glyphosate ban has more to do with large seed firms than American farmers, and presented 2020 data that suggests four companies control half of the world’s seeds.

“The U.S. government’s argument that prompted formal trade talks is that Mexico’s self-sufficiency policies and the presidential decree at hand affect U.S. corn producers and hinder bilateral trade,” said Suárez. “These arguments that the U.S. government presents are false.”

Suárez added that the volume and value of imports have been more than substantial and trending higher.

According to USDA export data, Mexico accounts for more than a third of U.S. corn exports so far this marketing year.

As for a formal dispute under the USMCA trade agreement, the technical consultation period is over. It is now up to the U.S. Trade Rep’s office to file a formal dispute.

Related Stories
Global trade teams and summit discussions highlight expanding opportunities for U.S. corn and ethanol exports as nations explore renewable fuel options and reduced-carbon energy pathways.
Peel says Mexico has a much greater capability to expand its beef industry than it did 20 or 30 years ago in terms of its feeding and packing infrastructure.
The impacts of the government shutdown have reached commodity growers with crops to move, ag economists monitoring the harvest without key data reporting, and meat producers in need of new export markets.
In a statement provided to RFD-TV News, a USDA spokesperson reiterated President Trump and the USDA’s commitment to farmers in difficult economic times.
China is not one of our top suppliers of cooking oil, according to USDA ERS data, but does export a lot of used cooking oil to the U.S. for biofuel production.
New U.S. fees on Chinese-owned and built ships took effect overnight, marking the latest escalation in maritime trade tensions between Washington and Beijing.

LATEST STORIES BY THIS AUTHOR:

RanchHer celebrated the invaluable contributions women leading the beef industry at their panel, “Your Path to Becoming a RanchHer,” Friday at NCBA CattleCon.