“Today’s signing of the USMCA shows bi-partisan leadership coming together to provide certainty in accepting innovation and progress among three trading partners,” shares Jeff Simmons, president and CEO of Elanco. “Finalization of this legislation is good for farmers and good for society. The future economic well-being of livestock producers depends on their ability to raise healthy, sustainable livestock and access global markets. The USMCA means food and agriculture will be traded more fairly, which supports the hard work of all of our North American producers, and provides easier access to meat, milk and eggs for consumers.”
Too often farmers face international barriers because of their choices to use sustainable production methods and products. Signing of the USMCA strengthens agricultural ties amongst the U.S., Mexico and Canada, and represents significant progress in preventing arbitrary non-tariff barriers. As the successor to the 25-year-old North American Free Trade Agreement (NAFTA), it creates a strong foundation to work together internationally to advance similar agreements with other countries moving forward.
Additionally, the USMCA includes new chapters, provisions and enforcement mechanisms developed to ensure the expansion of market access for Canada and Mexico. This not only strengthens relations with all North American trade partners, but will provide more consumers with more choices.
Elanco (NYSE: ELAN) is a global animal health company that develops products and knowledge services to prevent and treat disease in food animals and pets in more than 90 countries. With a 65-year heritage, we rigorously innovate to improve the health of animals and benefit our customers, while fostering an inclusive, cause-driven culture for more than 5,800 employees. At Elanco, we’re driven by our vision of food and companionship enriching life - all to advance the health of animals, people and the planet. Learn more at www.elanco.com.