WILMINGTON, Del., July 30, 2019 – Corteva Agriscience (NYSE: CTVA) Chief Executive Officer James C. Collins was invited by the U.S. Senate Finance Committee to testify at its hearing today on the United States-Mexico-Canada Trade Agreement.
Mr. Collins said, “We salute the Administration in its modernization of NAFTA, obviously necessary after 25 years. Millions of American jobs depend on trade with Canada and Mexico, by far the largest export markets for the United States.” He continued, “The agriculture and food industry represents the largest segment of U.S. manufacturing jobs and 12 percent of the American economy. It is in our country’s best interest to stand by them and support the passage of the USMCA.”
“The farming community is facing one of the most challenging periods in history due to weather, trade and regulatory burdens, which limit their access to new innovations and safe and reliable seed and crop protection products, at a time when they need to meet the massively growing demand for food supply. Given this, I was grateful to be asked to testify in front of the Senate Finance Committee in support of the passage of the USMCA, which is critical to protecting farmers by supporting employment and economic growth.”
“Corteva supports USMCA as a tool to stabilize markets, further expand and modernize North American trade and increase grower and consumer access to innovation.
Acknowledging the perceived fears behind resistance to free trade, he concluded “…we must have the courage to continue to open markets for American farmers and businesses to compete globally.”
About Corteva Agriscience
Corteva Agriscience is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry – including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the Company is committed to working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. Corteva Agriscience became an independent public company on June 1, 2019, and was previously the Agriculture Division of DowDuPont. More information can be found at www.corteva.com.
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Gregg M. Schmidt