Farmscape for November 7, 2017
The National Pork Producers Council says the position that the benefits the U.S. has gained through NAFTA need to be protected has widespread support.
A U.S. based coalition of manufacturers, trade organizations and farm groups has been raising the alarm over the potential negative consequences for U.S. agriculture if the United States withdraws from the North American Free Trade Agreement.
National Pork Producers Council Senior Communications Director Jim Monroe says the coalition is all for modernization of the 1994 agreement but wants to maintain the benefits that have been realized through NAFTA.
Clip-Jim Monroe-National Pork Producers Council:
Really it was a diverse cross section of the U.S. economy.
We were joined by the Business Roundtable, the National Association of Manufacturers, the National Foreign Trade Council and the Coalition of Services Industries as well as the American Farm Bureau Federation to advocate for the many benefits that the sectors of our economy represented by those groups receive from NAFTA.
To put it simply there are significant benefits to NAFTA.
If the U.S, withdraws from NAFTA it will cost the industry that we represent, the U.S. pork industry, 1.5 billion dollars and it will cost that industry and people within the industry job loss and significant financial damage.
So we think it's very important to move through this renegotiation quickly and we strongly encourage the administration to maintain the benefits we've realized through NAFTA.
Monroe says uncertainty around trade agreements like this make businesses more reluctant to invest in growth opportunities both at home and abroad so the hope is that the renegotiation is successfully completed.
He says the sooner we can remove the cloud of uncertainty around us right now the better.
For farmscape.Ca, I'm Bruce Cochrane.
*Farmscape is a presentation of Sask Pork and Manitoba Pork