For the farmers that I symbolize in central and west-central Illinois, access to markets in Canada and Mexico is significant to their success.
When the harvest comes, and farmers take their products to market, they depend upon the open-market free-commerce program with our neighbors to the north and south to be competitive within the global financial system.
During the last 25 years, free trade with Mexico and Canada has supported over 900,000 jobs in the food and agricultural sector and quadrupled exports from $9 billion to nearly $40 billion. Within the heartland of America, we have some of the most productive farmland in the world, and thanks to free commerce, our farmers have been capable of feed and fuel not solely the US, but the world.
As we look forward towards the next 25 years, updating our commercial insurance policies will allow our farmers and ranchers to proceed main how within the agriculture economic system. That’s the reason President Trump and U.S. Commerce Consultant Robert Lighthizer labored tirelessly to barter the US-Mexico-Canada Free Commerce Settlement, which builds upon the success our agricultural sector has seen via free commerce with our neighbors.
Not solely does USMCA keep the responsibility-free entry for American farmers to Mexico and Canada, it’s going to ship a further $2.2 billion in financial exercise. Passage of USMCA will even open the Canadian marketplace for American dairy, wheat, rooster, egg, and turkey merchandise. It’ll additionally enhance actual GDP by $68.2 billion and create 176,000 U.S. jobs, in line with the U.S. Worldwide Commerce Fee, serving to producers and small enterprise, as nicely.