Ag Secretary Sonny Perdue says he doesn’t have a contingency plan in case the renegotiation of the North American Free Trade Agreement fails. He told farm broadcasters that’s because he’s optimistic in a successful conclusion to the talks.
Perdue says the NAFTA agreement is too important to United States agriculture for it to fail.
Perdue says the world is closely watching the NAFTA discussions and the conclusion will set a precedent for further bi-lateral trade agreements going forward. And he says the President continues to believe bi-laterals will be most favorable to the U.S..
He says the Administration’s tougher trade stance in NAFTA and with the EU and China will benefit U.S. agriculture in the long run.
