摘要: |
It has become clear that the pandemic has pushed shippers and manufacturers to start sourcing raw materials and production closer to home-and now trade among the three North American nations is booming. Mexico is currently our largest goods trading partner, with $614.5 billion in total two-way goods trade during 2019, the last full year for which statistics are available. Canada is our No. 2-ranked trade partner for the fifth consecutive year, with $611 billion in two-way trade. (China ranks third with $558 billion.) The trends driving those numbers are numerous. First, there has always been a symbiotic relationship among the three, mostly friendly North American neighbors. In the meantime, cross-border transportation investment has been increasing. For example, a pending $28 billion merger between the Kansas City Southern and Canadian Pacific railroads to finally create a fully "North American Railroad" will only add to that trend. Over the past year, the United States-Mexico-Canada Agreement (USMCA) replaced the 24-year-old North American Free Trade Agreement (NAFTA). While it's largely NAFTA 2.0, the new agreement does appear to benefit American farmers, ranchers and agribusinesses. It enables food and agriculture to trade more fairly, and allows the U.S. to expand exports of American agricultural products. "The great news is that USMCA was not a big challenge at all," says Beth Pride, president of BPE Global, a global trade consulting company that believes compliance is not only critical to a company's overall strategy, but is a competitive advantage. "Many importers and manufacturers just had to change the title of the form from NAFTA to USMCA." But there were subtle changes, experts say. America's dairy farmers now have new export opportunities to sell dairy products to Canada. Our northern neighbors can provide new access for U.S. products including fluid milk, cream, butter, skim milk powder, cheese and other dairy products. It also eliminated tariffs on whey and margarine. |