AreaCanada

Commodity GroupOilseeds, oils and meals

CommodityOilcrops

Date18/09/2018

Policy CategoryTrade

Policy InstrumentTrade agreement

DescriptionAgreed to replace the North American Free Trade Agreement (NAFTA) with the United States-Mexico-Canada Agreement (USMCA), under which trade facilitation measures for oilcrops would remain in place.

NotesThe United States, Mexico and Canada agreed to replace NAFTA, the free trade agreement signed in 1994, with the United States-Mexico-Canada Agreement. Under the new trade accord, market access for oilcrops would not be affected as all relevant trade facilitation provisions are expected to remain in place without modification. The new agreement is poised to expire after 16 years.