Which jobs are getting a boost at the Mexico Meat Market?
A growing number of U.S. companies are looking to Mexico to boost their supply chains and bolster their profitability.
On Wednesday, the Trump administration announced that it has signed a memorandum of understanding to invest $1 billion in the beef, pork, chicken, and turkey industry.
In addition to boosting the supply chain, the pact would create a $300 million factory for pork producers and $100 million for beef producers, according to the New York Times.
The U.N. says that beef production in Mexico is expected to reach 2.4 billion pounds by 2020.
Mexico’s government is looking to bolster its beef production, which has been affected by a lack of imports since the U.K. imposed trade restrictions in 2016, and pork production, according the Associated Press.
This new agreement, which is contingent on the U.,D.C. meeting on Feb. 28, 2019, is expected by many to boost Mexico’s exports.
The U.A.E. trade bloc is a big buyer of U-shaped beef, while Mexico is the biggest buyer of pork.
Mexico has long been the biggest supplier of U shaped beef in the world.
The trade deal would create more jobs for U-shape beef producers in Mexico and U- shaped pork producers in the U.-shaped world, according Bloomberg.
The deal is part of a broad U.R.E.-led effort to help boost the global beef, which accounts for almost one-third of U.-shape beef production.
The beef industry has been hit hard by the meat shortage in the past several years, which led to a decline in demand and a sharp drop in global supply.
The meat industry is also struggling to expand its supply chain.