NAFTA in a Nutshell
Why NAFTA matters
The North American Free Trade Agreement has provided the United States, Canada and Mexico with mutual access to one another’s markets for nearly 25 years.
As a result of that market access, North America has become one of the most competitive, successful and influential trade zones in the world—generating new opportunities to invest, expand business, create good jobs and wages, and boost the economies of the towns and regions all across the continent. Roughly 10 percent of Cargill’s global revenue is NAFTA-trade related. And in 43 of 50 U.S. states, Canada or Mexico is the first or second largest export market.
NAFTA creates demonstrated economic benefits.
Year after year, NAFTA has continued to demonstrate the economic benefits that result from open channels of trade. U.S. agricultural exports to Canada and Mexico, for example, have more than quadrupled under NAFTA—growing from about $9 billion in 1993 to almost $39 billion in 2015. And today, 10 percent of U.S. farm acres support exports to our two NAFTA trading partners.
NAFTA lets us leverage our interconnectedness
The plain fact is that there is just one global economy in which all nations participate. And nations draw the most benefit from that global market when they open doors to trade rather than erect barriers.
NAFTA frees our three nations to leverage that economic interconnectedness so we can pursue the open and sustained commercial interaction that is essential to the health and survival of our economies.
That's why the mutual market access provided by NAFTA has produced such substantial economic gains for a wide range of beneficiaries at every level—including businesses, workers, their families and communities.
NAFTA has Cargill's support
And that’s why Cargill supports trade agreements like NAFTA, agreements that acknowledge and foster the interconnectedness of our food system, improve global food security, and reinforce the importance of rules in the global trading system. Cargill will continue its longstanding tradition of standing up for trade and will be a vocal advocate of the importance and benefits of NAFTA throughout negotiations.