World Perspectives

The Politics of Trade

The Trump administration had set 30 September as the deadline for creation of a new trade agreement to replace the 1994 North American Free Trade Agreement (NAFTA) between the U.S., Canada and Mexico. This deadline was based on timing the U.S. congressional approval process so that outgoing Mexican president Pena Nieto could sign the agreement before leaving office on 30 November. After an often-contentious year of negotiations between the three countries, the U.S. began to focus on just Mexico, which culminated in a new agreement with that country in late August. The U.S. then threatened to turn the three-party NAFTA into a two-party U.S./Mexican pact unless Canada was willing to accede to its demands by the specified date. Canada and the...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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