# Joint Statement from Secretary Vilsack and Ambassador Tai after Meeting with Mexican Government Officials

> USDA Secretary Tom Vilsack and USTR Katherine Tai met with a senior Mexican government delegation in Washington on December 16, 2022, about Mexico's 2020 decree restricting biotech corn imports. The Mexican side proposed amendments to the decree, and both sides agreed to review them and follow up quickly.

- Date: 2022-12-16 · published 2022-12-16T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/38225-joint-statement-from-secretary-vilsack-and-ambassador-tai-after-meeting-with
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A possible easing of Mexico's GM corn restrictions would protect the largest export market for US corn, which took about 27% of US corn exports in 2021/22. Continued uncertainty keeps a downside risk on US corn export demand.

## Read by commodity

- CORN: neutral
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-04-07 | [Chase for tastier tortillas starts with age-old 'Mexican gold'](https://feedsoft.ai/events/71464-chase-for-tastier-tortillas-starts-with-age-old-mexican-gold.md) | +1.6% | +1.0% |
| CORN | 2022-12-23 | [US ‘satisfied’ with postponement of GM corn ban, officials say](https://feedsoft.ai/events/38228-us-satisfied-with-postponement-of-gm-corn-ban-officials-say.md) | +2.1% | +2.2% |
| CORN | 2022-12-16 | [Mexico says it aims for agreement with U.S. on GM corn in January \| Reuters](https://feedsoft.ai/events/38226-mexico-says-it-aims-for-agreement-with-u-s-on-gm-corn-in-january-reuters.md) | +0.7% | +3.0% |
| CORN | 2024-09-24 | [The U.S. and Mexico are in a dispute over tortillas. It started with genetically modified corn](https://feedsoft.ai/events/28274-the-u-s-and-mexico-are-in-a-dispute-over-tortillas-it-started-with-genetically.md) | +1.7% | -0.8% |
| CORN | 2024-01-09 | [Canada and US Governments Shut Down Ability of Canadian NGOs to Comment in Trade Dispute Over Mexico’s GM Corn Ban \| CBAN](https://feedsoft.ai/events/32089-canada-and-us-governments-shut-down-ability-of-canadian-ngos-to-comment-in.md) | -0.1% | -3.9% |

## Sources

- usda.gov: https://www.usda.gov/about-usda/news/press-releases/2022/12/16/joint-statement-secretary-vilsack-and-ambassador-tai-after-meeting-mexican-government-officials

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.