Two newest trade officials raise concerns over Mexico’s GM corn ban

Mexican flag 1280x720.jpg

Market Day Report

In a surprise trip this week, the newly seated Undersecretary for Trade, Alexis Taylor went to Mexico with Chief Ag Negotiator, Doug McKalip to meet with Mexican officials about their upcoming ban on genetically modified U.S. corn.

U.S. Trade Representative Katherine Tai released a statement.

“We made it clear today that if this issue is not resolved, we will consider all options, including taking formal steps to enforce out rights under the USMCA. These changes are not sufficient and Mexico’s proposed approach, which is not grounded in science, still threatens to disrupt billions of dollars in bilateral agricultural trade, cause serious economic harm to U.S. farmers and Mexican livestock producers.”

Mexico’s agricultural ministry did not comment.

As of now, Mexico has decided to postpone its ban until 2025.

Story via Kanishka Singh and Tom Polansek with Reuters

LATEST STORIES BY THIS AUTHOR:

Reed Marcum started hosting a toy drive in 2015. Since then, he has distributed thousands of toys across his home state of Oklahoma and in Texas and Arkansas. Now serving in the Army, Reed’s family and local 4-H chapter are running the event.
RFD-TV Farm Legal and Tax Expert Roger McEowen explains the basics of Low-Risk Credit in Farming, and how an understanding of the farm credit landscape lets producers tactfully approach debt.
Mike Steenhoek, with the Soy Transportation Commission, shares his outlook on current grain stocks and transportation lines amid bumper crops filling bins across the United States.
Renewable Fuels Association President & CEO Geoff Cooper explains their call for reciprocal duties on Chinese ag imports after China failed to meet past promises on ethanol production.
American soybean and corn leaders, along with Canada’s AgriFood sector, testified before the U.S. Trade Representative’s Office in support of the trade pact between the U.S., Mexico, and Canada.
The FAO Food Price Index for November fell by more than 1 percent in November, marking the third straight month of declines.