Loading...
Loading...
Browse all stories on DeepNewz
VisitUS Wins USMCA Panel Ruling Against Mexico's Genetically Modified Corn Ban, Mexico Has 45 Days to Comply
Dec 20, 2024, 10:13 PM
The United States has prevailed in a trade dispute with Mexico over the latter's attempt to ban genetically modified corn for human consumption, as ruled by a panel under the U.S.-Mexico-Canada Agreement (USMCA). The panel found that Mexico's measures were not based on science and undermined market access agreed upon in the USMCA. Mexico, which has been importing about $3 billion worth of genetically modified corn annually from the U.S., primarily for livestock feed, had planned to ban its use in human consumption. The Mexican government, while disagreeing with the ruling, stated it would respect the decision. The U.S. Trade Representative's Office emphasized that the ruling supports long-standing concerns about Mexico's biotechnology policies and their detrimental impact on U.S. agricultural exports, which exceed $5,000 million. Mexico has 45 days to comply with the panel's findings, or face potential trade sanctions.
View original story
Markets
No • 50%
Yes • 50%
Official statements from the governments of Mexico and the United States or major news outlets
Yes • 50%
No • 50%
Official announcements from the Mexican government or verified reports in major news outlets
No • 50%
Yes • 50%
Official announcements from the U.S. Trade Representative's Office or major news outlets
No significant change • 25%
Data not available • 25%
Increase in exports • 25%
Decrease in exports • 25%
Trade statistics from the U.S. Department of Agriculture or major economic reports
Divided • 25%
Supportive • 25%
Indifferent • 25%
Opposed • 25%
Public opinion polls or major news outlets reporting on public sentiment
Negotiates settlement • 25%
Fully complies • 25%
Partially complies • 25%
Does not comply • 25%
Official announcements from the Mexican government or major news outlets