US House of Representatives passes USMCA, opening up markets for US ethanol
On 19 November, the US House of Representatives passed the US-Mexico-Canada Agreement (USMCA), which was signed by all three nations to replace the North American Free Trade Agreement.
The new deal solidifies a multi-billion dollar US ethanol export market, while providing more certainty to farmers and instilling confidence in other countries that the US is a reliable trade partner. It should help US agriculture remain competitive in the future.
In response to the news, American Coalition for Ethanol CEO Brian Jennings said: “Canada is the most reliable export market for US ethanol over the course of time, while Mexico continues to be the largest buyer of US distillers’ dried grains and holds great potential for increasing US ethanol exports.
“While USMCA doesn’t directly address ethanol specific trade provisions, the passage of this agreement is key to maintaining positive relationships with our neighbours to the north and south and future opportunities in these markets for ethanol, the fastest-growing agricultural export in the US.”
The new deal solidifies a multi-billion dollar US ethanol export market, while providing more certainty to farmers and instilling confidence in other countries that the US is a reliable trade partner. It should help US agriculture remain competitive in the future.
In response to the news, American Coalition for Ethanol CEO Brian Jennings said: “Canada is the most reliable export market for US ethanol over the course of time, while Mexico continues to be the largest buyer of US distillers’ dried grains and holds great potential for increasing US ethanol exports.
“While USMCA doesn’t directly address ethanol specific trade provisions, the passage of this agreement is key to maintaining positive relationships with our neighbours to the north and south and future opportunities in these markets for ethanol, the fastest-growing agricultural export in the US.”
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