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Free Trade Fact of the Day

Posted By Conn Carroll On May 30, 2008 @ 2:04 pm In International | Comments Disabled

The Department of Agriculture announced today that fiscal 2008 will be a record year for agricultural exports. USDA reports [1]:

Trade agreements have a significant impact on our ability to sell America’s agricultural products in world markets. … Canada and Mexico, our two North American Free Trade Agreement (NAFTA) partners, currently buy 28 percent of the value of America’s agricultural exports – up from 20 percent purchased 15 years ago when trade began under NAFTA. … While agricultural imports in two-way trade with the United States will also increase – to a record $78.5 billion forecast by USDA – the $108.5 billion in export sales by American farmers and ranchers will net a positive agricultural trade surplus of $30 billion for the United States.


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URL to article: http://blog.heritage.org/2008/05/30/free-trade-fact-of-the-day-59/

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[1] reports: http://www.usda.gov/wps/portal/!ut/p/_s.7_0_A/7_0_1OB?contentidonly=true&contentid=2008/05/0141.xml

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