Trade and markets
 

Detail

Area
Mexico
Commodity Group
Oilseeds, oils and meals
Commodity
Oilcrops
Date
18/09/2018
Policy Category
Trade
Policy Instrument
Trade agreement
Description
Agreed to replace North American Free Trade Agreement (NAFTA) with the United States-Mexico-Canada Agreement (USMCA), under which trade facilitation measures for oilcrops would remain in place.
Notes
The United States, Mexico and Canada agreed to replace NAFTA, the free trade agreement signed in 1994, with the United States-Mexico-Canada Agreement. Under the new trade accord, market access for oilcrops would not be affected as all relevant trade facilitation provisions are expected to remain in place without modification. The new agreement is poised to expire after 16 years.