On Wednesday, the Mexico Senate approved the U.S.-Mexico-Canada Agreement by a vote of 114 to 4. Mexico is the first of three countries to ratify the trade deal. Now, all eyes are on Canada and the U.S. to approve the agreement. An implementation bill has been introduced in the Canadian Parliament. Earlier this week, U.S. Trade Representative Robert Lighthizer said Democratic concerns with labor and environmental provisions in the USMCA can “be sorted out quickly.”
- Mexico’s accumulated bean imports from all origins totaled 35,573 metric tons, with a value of $27,611 ,060 U.S.
- From these, 31,323 MT were U.S. beans with a value of $23,559,075 U.S.
- Since January 2019, 18,297 MT of U.S black beans, 9,979 MT of U.S pinto beans and 3,047 MT of U.S white beans have been imported by Mexico.
Chief Agricultural Negotiator in the Office of the U.S. Trade Representative Gregg Doud confirmed Tuesday that steel and aluminum tariffs are a big hurdle in the U.S. Mexico Canada Agreement discussions. “I can tell you there’s not a day that goes by at USTR someone isn’t having a conversation with Canada and Mexico to figure out how to sort this out,” says Doud.
Compared to a week ago, trading activity was slow with very light demand. Contract product is moving steady. Mexican peso per US dollar exchange rate is19.2090.
The 2019 U.S.-Mexico International Bean Congress was held February 7-9 in Cancun, Mexico. During the event, seminars, discussions and one-on-one business meetings were held.
The U.S. dry bean industry was able to gather with the Mexican trade to celebrate numerous concurrent events such as:
- The signing of the U.S. Mexico Canada Trade Agreement (USMCA)
- World Pulses Day
- The long standing partnership with Mexican buyers
This year’s attendance was high with over 150 buyers, traders and industry representatives present. During the seminar portion of the Congress, speakers discussed World Pulses Day, new trends with beans and bean-based ingredients, U.S. and Mexico bean production trends and an overview of the Mexican political panorama.
Joe Mauch, Kevin Regan, Tom Kennelly and Tim Courneya represented the Northarvest Bean Growers Association the this year’s Congress.
Northarvest Bean Grower – Our Mission:
NHBGA, growers representing growers through the check-off system, is North America’s largest supplier of quality dry beans. Working together to better the industry through promotion, research, market development, education of consumers and monitoring of governmental policy. Our future goals must be continued market exposure and careful monitoring of new ideas, consumer choices, and producer needs.
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