Lawrence MacAulay was appointed Minister of Agri-Food in 2015 by Prime Minister Justin Trudeau. Minister MacAulay has been a Member of Parliament for Cardigan since 1988. Minister MacAulay`s previous appointments included the Attorney General of Canada, the Minister of Labour, the Minister of Foreign Affairs (Veterans) and the Secretary of State (Atlantic Canada Opportunities Agency). Minister Lawrence MacAulay spoke first and said he was happy to speak with a group that understands the value of trade. MacAulay outlined three key areas that are essential to strengthening Canada-U.S. relations: the second conclusion is that there will be uneven effects on sectors, certain markets and regions, which is typical of any macroeconomic adjustment of trade policies. For example, the U.S. International Trade Commission (ITC) concludes that a free trade agreement between the United States and Mexico would likely have a negligible impact on the domestic functioning of 17 of the 19 U.S. industries studied. The effects (positive and negative) in countries bordering Mexico would likely be more immediate and pronounced. And of course, the impact of free trade in sectors and markets with the highest tariff and non-tariff barriers would be greater – as in agriculture, products without cars, energy and energy, in banking and transport.
Although economic growth continues at a rapid pace, Korean agriculture is under considerable economic pressure. As part of the Uruguay Round agreement, South Korea pledged to liberalize trade. Like Japan, the country has agreed to import a small but growing portion of its domestic rice consumption. (In exchange for restrictions on its rice liberalization requirements, South Korea has expressed its readiness to significantly reduce tariffs on citrus fruits and other fruits and nuts and to open, for the most part, beef markets.) Most observers agree that imports of South Korean rice are likely to exceed their minimum requirement and that imports of California rice are likely in the near future. California`s Minister of Food and Agriculture Karen Ross followed Minister MacAulay and praised everything he said and took a California vision of what trade means and how it acts as a bridge. California agriculture is also affected by European export subsidies. This policy lowers world prices for many products, including beef and dairy products. These examples illustrate the complexity and trade-offs inherent in trade negotiations, as well as the fact that an agreement generates profits and losses and the resulting uneven distribution of benefits and costs across sectors, regions and markets. The provisions of all agreements that could be reached under a free trade agreement between the United States and Mexico would likely be phased in over a one-year period, which, combined with possible adjustment assistance, would allow sectors with a negative impact to mitigate the otherwise significant short-term adjustment problems. This thematic letter contains export figures for 1995, based on information provided by the California Department of Food and Agriculture, FATUS and industrial sources. Similar information is not available for 1996.
The main points we raise in this letter are not affected by the approximate nature of the business data. At the end of the day, free trade agreements benefit the United States.