Reading Time: 3 minutes NAFTA should be modernized through five significant reforms rather than dismantled, say national farm organizations from Canada, the United States and Mexico. Agriculture represents one of NAFTA’s biggest success stories, the Canadian Federation of Agriculture, the American Farm Bureau and Consejo Nacional Agropecuario said in a joint letter to the leaders of the three countries. […] Read more
Farm groups want modernized NAFTA
Farm groups from Canada, Mexico and the U.S. are calling for key reforms
Mexico, Canada dismiss Trump threats to scrap NAFTA
Reading Time: 2 minutes Mexico City/Ottawa | Reuters — Mexico and Canada on Wednesday dismissed U.S. President Donald Trump’s threat to scrap NAFTA, describing it as a negotiating tactic designed to gain an advantage during talks to update one of the world’s biggest trading blocs. In comments that initially pushed Mexico’s peso currency down by more than one per […] Read more
U.S. takes tough lines as NAFTA negotiations begin
Reading Time: 4 minutes Washington | Reuters — The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing U.S. trade deficits with Mexico and Canada and boosting U.S. content for autos. At the start of talks in Washington, U.S. President Donald Trump’s top trade adviser, Robert […] Read more
Canada, Mexico urge quick NAFTA talks to end uncertainty
Reading Time: 2 minutes Washington/Ottawa | Reuters — Top Canadian and Mexican diplomats expressed optimism on Thursday that a NAFTA deal could be reached early next year and cautioned that widespread uncertainty over the future of the three-way trade agreement had slowed business investment. Mexican sources say the plan is to hold seven rounds of talks at three-week intervals, […] Read more
Pacific trade bloc adds ‘associate’ members, including Canada
Reading Time: 2 minutes Cali, Colombia | Reuters –– Four new countries will be admitted to the Pacific Alliance as associate members, the trade group said on Thursday, as it seeks to expand commerce with the Asia-Pacific region while the U.S. pushes for protectionist measures. The alliance, which comprises Colombia, Chile, Mexico and Peru, will on Friday admit Singapore, […] Read more
Mexico gives conditional approval to Dow, DuPont merger
Reading Time: < 1 minute Mexico City | Reuters — Mexico’s antitrust watchdog said Tuesday it has given approval to DuPont and Dow Chemical to merge on the condition that they sell certain crop protection products and other assets. The asset sales required by Mexico’s Federal Economic Competition Commission (Cofece) is similar to what U.S. antitrust enforcers asked of the […] Read more
Trump administration triggers launch of NAFTA renegotiations
Reading Time: 2 minutes Washington | Reuters — The Trump administration on Thursday formally launched its effort to renegotiate the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers. With a letter to U.S. lawmakers, U.S. Trade Representative Robert Lighthizer said he triggered a 90-day consultation period with […] Read more
U.S. grains: Corn tumbles on weather forecasts, NAFTA jitters
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures fell more than one per cent Wednesday on forecasts for better Midwest planting weather and news that the White House is considering an executive order on withdrawing from North American Free Trade Agreement, analysts said. Soybeans also declined and wheat turned lower as corn sagged. Chicago Board of […] Read more
China clears ChemChina’s Syngenta deal
Reading Time: < 1 minute Zurich | Reuters — ChemChina’s US$43 billion planned takeover of Swiss pesticides and seeds group Syngenta has received approval from China’s Ministry of Commerce (MOFCOM), the two companies said Wednesday. “This represents a further step towards the closing of the transaction, which is expected to take place in the second quarter of 2017,” they said […] Read more
Durum lacks momentum ahead of competing harvests
Reading Time: < 1 minute CNS Canada — Canadian durum prices are at a standstill as the market looks to upcoming production, while domestic crops act as a “wild card,” one Winnipeg-based analyst says. “The durum market is certainly quiet right now. We’re kind of in that period where we’re in a lull,” said Jerry Klassen, manager of the Canadian […] Read more
A message from April Stewart, Country Guide's Associate Editor
