The latest tomato agreement with Mexico shows the United States can work out trade disputes without resorting to tariffs and underscores the need to ratify the USMCA, the American Farm Bureau Federation said today.
“We are pleased and relieved to see progress with one of our largest and most important trading partners,” AFBF President Zippy Duvall said. “Mexico is a vital trading partner for American farmers and ranchers. We need this agreement and are grateful negotiators capitalized on the close relationship that exists between our two nations. We look forward to more progress on the trade front and are counting the days until the USMCA becomes law.”
Among other things, the tomato deal lifts current preliminary duties of 17.5% against Mexican tomatoes and suspends an anti-dumping investigation against Mexican producers begun earlier this year. The agreement also reinstates reference prices for various kinds of tomatoes to assure fairer pricing by Mexican competitors. The agreement is expected to take effect September 19, 2019 following a 30-day comment period.
All parties, including growers, back today’s agreement.