North American Ag Trade Has Skyrocketed Since 1994
Over the last quarter-century, the United States has become one of the largest agricultural importers in the world.
Over the last quarter-century, the United States has become one of the largest agricultural importers in the world.
The elimination of agricultural trade barriers as a result of the 1994 North American Free Trade Agreement (NAFTA) nearly quadrupled exports (by value) to Canada and Mexico
According to the Economic Research Service, the total value of intraregional agricultural trade among all three NAFTA countries reached more than $95 billion last year, compared with $16.6 billion in 1993 – one year before NAFTA’s implementation.