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USMCA Done Phase II Next!
President Trump recently signed a landmark new trade agreement called the United States-Mexico-Canada Agreement (USMCA).
The USMCA is the first time the dietary supplement sector has been specifically referenced in a U.S. trade agreement, hopefully sparking future free trade agreements with countries to address the dietary supplement sector.
This free trade agreement is not just a major victory for American consumers but also the natural products sector as a whole. In the USMCA, a new provision increases the quota for whey powder and the import quota on certain US whey powders will be eliminated by year 10.
In the cosmetics space, the USMCA, includes a high standard Cosmetics Annex, which commits all three countries to good regulatory practices for the sector. Specifically, the US-Canada Appendix uniquely recognizes the importance of regulatory alignment for OTC-like products and will have a significant commercial benefit for cosmetics trade.
And while this is an important moment for free-trade, there is still more to be done, which is why I am calling on you to urge the President to begin “Phase II” of the U.S. trade talks with China.
As you know, many of the industry’s ingredients used in dietary supplements come from China. Additionally, more than half of the American households use supplements daily. A trade war with China could result in a reduction of finished-product manufacturing jobs. Which is why it is imperative that you share with the President this letter to let him know you are calling on him to begin “Phase II” talks with China immediately.
Thank you,
Kyle Turk
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