In a blog posting on The Huffington Post’s website, David MacLennan, chairman and chief executive officer of Cargill – one of the nation’s largest agribusinesses – said the Minneapolis-based company absolutely relies on trade as part of its goal to improve global food security and nutrition.
«We are a Us-based company, but we know that 96% of the world’s consumers live outside of the Us», Mr. MacLennan wrote. «We can’t afford to wall ourselves off from these markets, but that is the emerging trend».
Citing data from the World Trade Organization, Mr. MacLennan said the number of non-tariff trade barriers has increased 2.5 times in the last 10 years.
He called attention to president Donald J. Trump’s decision to pull the United States out of the Trans-Pacific Partnership, as well as talks revolving around the North American Free Trade Agreement (Nafta). He indicated that Cargill is «eager begin work to modernize and improve Nafta, not dismantle it».
«Inclusive trade agreements give American farmers and manufacturers better access to markets where they would otherwise face high barriers», Mr. MacLennan said, pointing to Usda data showing American agricultural exports to Mexico and Canada have more than quadrupled since Nafta was implemented: from $8.9 billion in 1993 to $38.6 billion in 2015.