WASHINGTON, DC – Today, in reaction to the approval of the United States-Mexico-Canada Agreement (USMCA) by Mexico’s Senate, John Bode, President and CEO of the Corn Refiners Association, commented:
“Congratulations to Mexico on becoming the first country to ratify the USMCA agreement, which promises to deliver an additional $2.2 billion in U.S. economic activity and further strengthen the U.S. farm and agriculture economy. American farmers, ranchers, and agribusinesses rely on strong trade relationships with our neighbors in Mexico and Canada, and CRA looks forward to swift congressional ratification of this critical agreement.”
Averaging over $900 million in shipments annually, Mexico and Canada represent the two largest markets for refined corn products. Further, one in four American manufacturing jobs are related to agriculture, and USMCA, once implemented, will strengthen the U.S. farm and agriculture economy and further support and secure vital market access for U.S. farmers, ranchers, and agri-businesses.
The Corn Refiners Association (CRA) is the national trade association representing the corn refining industry of the United States. CRA and its predecessors have served this important segment of American agribusiness since 1913. Corn refiners manufacture sweeteners, starch, advanced bioproducts, corn oil and feed products from corn components such as starch, oil, protein and fiber.