"I think people were expecting a big market change", Lingen said.
U.S. President Donald Trump signed the new North American trade pact into law Wednesday, leaving Canada's Liberal Party to shepherd the agreement through a final period of debate in the House of Commons to secure ratification.
- Sanitary/phytosanitary measures: The three countries agree to strengthen disciplines for science-based measures that protect human, animal, and plant health while improving the flow of trade.
Canada and Mexico are the first and second largest export markets for US food and agricultural products, totaling more than $39.7 billion in exports in 2018.
Trump had made renegotiating the 26-year-old North American Free Trade Agreement (NAFTA) a major campaign issue in 2016, and plans to tout its replacement at events in coming weeks as he campaigns for a second term in office. We lost our jobs, we closed our factories and other countries built our cars.
Trump said that as a result of NAFTA being signed, the United States was losing jobs to Mexico and Canada for 16 years before he was elected.
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"That's going to be a concerted effort by the [World] Trade Organization ... to get more of our products into those two countries". The Canadian parliament hasn't, but it has begun the process.
With agricultural products, be it swine and poultry or grain crops, the deal offers the prospect for more business, he said. "We are thankful to the administration for prioritizing these important agreements".
Still, milk producers in Canada are better organized than those here, and while they have agreed to "open the door" to allow more USA dairy into their market, "they're going to be cautious about opening the door completely", the dairyman added.
"What the president will be signing is quite different from what the president sent us", U.S. House Speaker Nancy Pelosi said on Wednesday ahead of Trump's signing ceremony at the White House, where Texas Gov. Greg Abbott was in attendance.
The release goes on to state that the union initially withheld endorsement for USMCA when it was introduced more than a year ago.
NAFTA, he said, had been "highly controversial from the start" and many lawmakers subsequently "came to regret" their support. "We're hoping with Mexico, we can get our beef exports up there".
Sen. Michael Bennet, D-Colo., supported USMCA because it is "vital for Colorado's economy, from businesses on the Front Range to ranchers on the West Slope", he said at a Senate Finance Committee meeting earlier this month.
The Mexican Foreign Minister Marcelo Ebrard, the Secretary of Economy, Graciela Márquez Colín, and the Undersecretary for North America, Jesús Seade, were present at the signing ceremony of the new trade agreement.