USDA unveils trade mitigation plan, the United States and the European Union enter trade negotiations, the FDA delays compliance for nutrition facts and supplement facts labeling, and NASDA submitted oral comments to FDA's nutrition innovation meeting. See the details below:
- Last Tuesday, the USDA announced this Tuesday its plan to mitigate the impacts of retaliatory tariffs on U.S Farmers and ranchers.The trade mitigation plan has three components: the Market Facilitation Program, the Food Purchase and Distribution Program, and the Trade Promotion Program. Altogether, $12 billion through the Commodity Credit Corporation will be made available for incremental payments to impacted farmers, purchases of surplus affected commodities, and the development of new foreign markets. View NASDA's statement here.
- President Trump met with European Commission President Jean-Claude Juncker at the White House on Wednesday with the two agreeing to launch trade negotiations, called the Executive Working Group, and ease tensions. While a good deal of focus of the meeting was on the agreement to work toward zero tariffs, non-tariff barriers and subsidies for non-auto industrial goods, the EU agreed to increase its purchases of U.S. soybeans.
- After receiving significant input, particularly on the added sugars front, the FDA announced yesterday they will extend the compliance dates for updating Nutrition Facts and Supplement Facts labels, from July 26, 2018, to January 1, 2020, for manufacturers with $10 million or more in annual food sales.
- NASDA submitted comments on July 26, 2018 stating "Federal policy related to nutrition or dietary guidelines should be based on sound and peer-reviewed nutrition science, should not prejudice particular agricultural commodities or products, and should not consider non-nutrition related elements such as environmental impacts or agricultural practices.” Learn more here.