U.S. Agricultural Industry Hopes U.S. and Mexico are Close to a Solution on a Possible GMO Corn Ban
A diplomatic solution may be close that will end Mexico’s plan to ban imports of GMO corn by 2024. Mexico’s Secretary of Economy Raquel Buenrostro now states that if the Federal Commission for Protection against Sanitary Risks determines U.S. GMO corn is not a threat to human health, it will have no problem entering Mexico. The new decree coming in the next few days will address U.S. concerns and should eliminate the possibility of the U.S. starting a dispute settlement process against Mexico under the U.S.-Mexico-Canada Agreement.
The U.S. ag industry is hopeful this will resolve the trade dispute because it could impact U.S. agricultural exports of not just corn, but a host of other products including beef and pork. This would be devastating with Mexico the top customer for U.S. pork this last year by volume and a big export destination for U.S. beef and cattle as well.
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