U.S.-Mexico Agricultural Trade Relations
The United States and Mexico have a shared future in the Western Hemisphere, and in spite of some harsh rhetoric, U.S.-Mexico trade remains a vital economic partnership. Under NAFTA, Mexico and the U.S. eliminated virtually all tariffs and restrictions on the trading of agricultural goods and services. In the years since, open trade between the two countries has spurred mutually beneficial growth. As of 2015, Mexico was the U.S.’ third-largest agricultural export market and second-largest source of agricultural imports.
This discussion will analyze the evolution of the U.S-Mexico trade relationship, mutually beneficial opportunities, and specifically, Mexico’s development of key high-value agricultural products. The conversation will also stress the need for continued exchange in a regional, North American context, which is of particular importance in the wake of the June 29 North American Leaders Summit in Ottawa.