A Director with the Ontario Federation of Agriculture expects a newly-announced trilateral trade deal will benefit Canadian, American, and Mexican farmers.
Foreign Affairs officials announced Sunday an agreement, entitled the United States-Mexico-Canada Agreement, or USMCA.
To finalize the deal, Canadian negotiators provided modest concessions to the country's supply-managed dairy sector.
OFA Director Patrick Jilesen says an updated trilateral trade deal was needed, and the new deal highlights the importance of agriculture in the economies of all three nations involved.
Despite worries by economists heading into summer talks on the former North American Free Trade Agreement, Jilesen remained optimistic all sides could benefit.
He tells us agriculture is impacted by all elements of trade with the U-S, including the recently introduced steel and aluminum tariffs on items crossing either side of the border.
Jilesen says the agricultural markets of Canada, Mexico, and the U-S are strongly integrated, and having a new deal in place is a positive for all parties involved.