USMCA Ratification Pt 1
BAIR ... "I think that we represent such an important market to them for not necessarily just agriculture, but auto parts and other important things that are key components of their economy so I don't foresee that it's going to have the same sort of problem in passage that it might have here in the United States."
Bair says worries the President may follow through on his threats to pull the U.S. out of NAFTA altogether would be a major setback ...
BAIR ... "That would be a mistake and it would be painful because with NAFTA we quadrupled our apple exports to Mexico, we doubled our apple exports to Canada. So, when people including the President say that NAFTA was the worst trade deal in history, we say it was the best trade deal in history and the prospect of going back to the days before NAFTA we think would be a mistake and that's why we're calling on cooler heads to prevail and let's just get this thing done and get back to doing what U.S. agriculture does best."
Bair says going back to pre-NAFTA trade would likely revert to tariffs of 20-percent for the apple industry.
Signing of the USMCA took place on the sidelines of the G-20 summit on November 30th.