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U.S. Grains Council learns about new global trade landscape

Ambassador Carla Hills says it worries her that U.S. is turning inward.

August 1, 2018

2 Min Read
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Navigating the new global trade landscape while maintaining and strengthening relationships with key partners was front and center as the U.S. Grains Council’s 58th Annual Board of Delegates Meeting began Monday in Denver.

Ambassador Carla Hills, a former U.S. Trade Representative, shared her perspective on how agriculture fits in today’s global trade puzzle.

“Global trade is the most effective development tool we have,” Hills said. “It enlarges economic opportunities for poor countries. It is not just a humanitarian effort; it creates tomorrow’s trade partners. One might call it an act of enlightened self-interest.

“But these are turbulent times. The U.S. government has always used diplomacy to advance the well-being of our own nation, but it worries me...that we are turning inward.”

Hills, now chair and chief executive officer of Hills and Company International Consultants, served as USTR as a member of President George H.W. Bush’s Cabinet. In that role, she negotiated and concluded the North American Free Trade Agreement.

“Knowing what NAFTA accomplished is critical to making sound decisions about the agreement. Today, 14 million jobs depend on trade with Mexico and Canada. Today, one-third of our total global trade is with our northern and southern neighbors. Our agricultural exports to Canada are up 300% and Mexico is up 500%. Last year, we sold 14 million tons of corn to Mexico," Hills told the audience of farmers and agribusiness delegates.

"Hopefully, we can find a way to resolve this tariff battle before it grows into a full-fledged tariff war and complete the NAFTA renegotiation that means so much to our economy," she said. "Once those customers are lost, they will be difficult to recover. We have no time to waste.”

Other speakers: 

  • Zhenglin Wei, counsellor for Agricultural, Economic and Commercial Affairs for the Embassy of the People’s Republic of China, spoke about the status and future of the U.S.-China agricultural and trade relationship. He said the current tensions are worrisome because trade between the two countries is beneficial for the well-being of the two countries and the prosperity and stability of the world economy.

  • Dan Pearson, principal at Pearson International Trade Services and former chairman of the U.S. International Trade Commission, addressed the current political environment regarding global trade, especially regarding NAFTA and China trade relations and the economics of better trade policies.

More from the meeting is available on social media, using the hashtag #grains18.

Source: U.S. Grains Council

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