December 19th, 2019: The American Dairy Coalition (ADC) applauds the efforts of the House of Representatives on the passage of the United States-Canada-Mexico Agreement (USMCA). This an important step forward in providing market stability for dairy producers across the nations.
This agreement will provide valuable increased access to Canada’s dairy market. It is anticipated that this agreement will further U.S ag exports by $2 billion which will result in an estimated $65 billion increase in gross domestic product.The largely bipartisan vote of 385 to 41 demonstrated overwhelming support in the House.
“We commend the efforts that brought the successful passage of USMCA in the House of Representatives. This marks a critical step in improving market access and building better trade relationships with Canada and Mexico. U.S. Dairy farmers can feel some increased security in this crucial agreement,” said Laurie Fischer, American Dairy Coalition CEO.
The USMCA will bring key changes to Canada’s pricing system for milk ingredients and opens the Canadian dairy market to increased U.S. exports. Further, the trade deal will strengthen the relationship with Mexico. It also establishes new securities for common cheese names, namely, safeguarding the continued use of multiple generic cheese terms such as parmesan and feta.