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:

Even in this strong market, some beef producers are leaving money on the table by not following proven marketing practices.
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.
President Trump is expected to press Argentina to take a tougher stance on China in exchange for political and economic support.
Tammi Arender takes us to 3 Board Farm to meet some first-generation farmers who took a leap of faith and, in the process, found a new purpose.
Nick Andersen, Nationwide’s VP of Agribusiness Claims, shares tips for managing weather-related risks in agriculture using their new Hail and Wind Alert Program.
Lewie Pugh, EVP of OOIDA, discusses how lowering the age for commercial driver’s licenses (CDL) to 18 could rejuvenate the trucking labor market.