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Mexico Looking to Increase Imports of South American Corn, Soy at Expense of U.S.

LADB Article ID: 80231
Category/Department: Mexico
Date: 2017-03-08
By: Carlos Navarro

Mexico is making overtures to Brazil and Argentina, two of the largest agricultural producers in South America and globally, to supply some of its commodity-import needs, particularly soy, corn, beef, and chicken. These are among the major items that Mexico obtains from the US, but uncertainty about the fate of the North American Free Trade Agreement (NAFTA) has prompted Mexican authorities to begin to look to its South American neighbors. Mexican Agriculture Secretary José Calzada has planned a trip to Brazil during March to discuss possibilities for imports of Brazilian commodities in the case that a renegotiation of NAFTA creates unfavorable conditions for imports of US products. Another outcome of a possible NAFTA renegotiation is that the US could impose tariffs on products manufactured in Mexico, which would prompt Mexico to impose tariffs on US agricultural imports, increasing their cost. This creates the need for alternative sources to help supply industries that rely on US agricultural imports, especially livestock and poultry producers.

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