Mexico is not being shy about finding new trade partners, and three of the top dairy industry CEO’s are hoping to do something about it.
As reported in Politico, Tom Vilsack with the U.S. Dairy Export Council, Michael Dykes with the International Dairy Foods Association and Jim Mulhern with the National Milk Producers Federation will visit Mexico this week in hopes of patching relations with the number one importer of U.S. dairy products.
Relations with Mexico have soured in recent months over two important topics: the North American Free Trade Agreement (NAFTA) and immigration policies. President Trump has said that the existing NAFTA agreement gives unfair advantage to Mexico and encourages U.S. business to relocate there. As for immigration, the President’s insistence on building a wall—paid for by Mexico—and deporting Mexican immigrants has underpinned the trade debate.
Whether it’s just posturing to get a better trade deal with the U.S. or true negotiations, Mexico is transparent about its desire to find new trading partners, and U.S. competitors are lining up to take advantage. Last week New Zealand’s trade minister Todd McClay requested talks on a free trade deal with Mexico be placed on an upcoming meeting agenda. Conversations with the European Union and Mexico about a bilateral agreement are in the works as well.