Australia, Canada, Japan, New Zealand, the Republic of Korea, and the United States issued a joint statement following the conclusion of the 2022 APEC Food Security Ministers Meeting hosted by Thailand.
Secretary Vilsack calls the ruling by a USMCA dispute settlement panel " a big step for the U.S. dairy sector towards realizing the full benefits of the USMCA and securing real access to the Canadian market."
The quarterly trade forecast released today projects fiscal year 2021 U.S. farm exports at $164 billion – the highest total on record. This represents an increase of $28 billion from last fiscal year and $7 billion from USDA’s previous forecast.
The Office of the U.S. Trade Representative made a request to initiate a dispute settlement panel under the United States-Mexico-Canada Agreement to challenge Canada’s allocation of dairy tariff-rate quotas.