US demands formal talks with Mexico over GM corn dispute

Published 2023년 3월 6일

Tridge summary

The United States has initiated formal trade negotiations with Mexico over Mexico's plans to restrict imports of genetically modified (GM) corn and other agricultural products. This is the initial step towards requesting a dispute settlement panel under the USMCA, which could result in US tariffs if no resolution is reached. The dispute threatens to disrupt the estimated $5 billion worth of US corn exports to Mexico and could impede biotech innovation, especially amidst high food inflation and increasing climate challenges. Both countries are hopeful for productive talks to address the issue.

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Original content

By Cassandra Garrison and David Lawder CHICAGO/WASHINGTON (Reuters) - The United States on Monday requested formal trade consultations with Mexico over U.S. objections to its southern neighbor's plans to limit imports of genetically modified corn and other genetically modified agricultural products. The US Trade Representative's office announced the request for technical talks after months of informal discussions with Mexican officials over their plans to ban GM corn for human consumption that have not satisfied US trade officials. The consultations are the first formal step towards a US request for a dispute settlement panel under the US-Mexico-Canada Trade Agreement (USMCA), which could lead to retaliatory US tariffs if no resolution is reached. The dispute could further damage US-Mexico relations. US officials say this jeopardizes an estimated $5 billion worth of US corn exports to Mexico and could stifle biotech innovation at a time of high food inflation as increasingly ...

Source: NoticiasAgricolas