Home Agribusiness Mexicans willing to reduce import taxes to Brazil and Argentina grains

Mexicans willing to reduce import taxes to Brazil and Argentina grains

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Protectionism and potential trade wars are the main worryings of the top  world agricultural leaders who just met in Lausanne, Switzerland, for the Financial Times’ Commodities Global Summit.  The sector is under pressure and prices will continue to low because crops were good in the US, Russia and Ukraine and exceptional in Brazil and Argentina.

Questions had arisen on what will happen with Nafta ( the North American Free Trade Agreement between the US, Canada and Mexico) considering that  President Trump has pledged to its renegotiation. Maybe it will be a bonus for Brazil: as Mexican authorities told the FT, the country would be considering cutting the import tariffs to grain from Brazil and Argentina to zero, “the same terms as US farmers now enjoy”.

Read FT article