Trying To Beat Buzzer, Ag Groups Sign Letter In Hopes of TPP Rejoin

February 14, 2018 11:24 AM
 
 

Three days after President Trump was inaugurated, one of his first exercises of presidential power was withdrawing the U.S. from the 12-nation Trans-Pacific Partnership (TPP).

The remaining 11 nations are expected to sign the final trade agreement in March, and now U.S. farmers and ranchers are pushing for a last-minute rejoin.

In a letter to U.S. Trade Representative Robert Lighthizer, the U.S. Food and Agriculture Dialogue for Trade urged him to re-engage in trade talks with other member-nations of TPP, which is driven by Japan, Australia, and Canada.

“Once this happens, our sector will be placed at a substantial disadvantage as other countries gain entry into [agricultural] markets at substantially lower tariffs and under preferential terms,” the letter read.

Collin Woodall, senior vice president of government affairs with the National Cattlemen’s Beef Association (NCBA), says some countries in the TPP would like to see the U.S. rejoin the agreement, but for now, it looks unpromising.

“All of the people who are on board right now are doing everything they can to finish the negotiations on NAFTA and KORUS,” he said. “There’s not a lot of people sitting around looking at things to do. I don’t believe getting back to TPP is something we’re going to see in 2018.”

At the World Economic Forum in Davos, Switzerland last month, Trump made the suggestion of re-entering TPP “if it is in the interests of all.”

Legislatures from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam still need to ratify the deal.


 

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Comments

 
Spell Check

T
Pendleton , IN
2/15/2018 07:27 AM
 

  If we are a leader as a nation then we should be involved in trade deals or surrender leadership. History teaches us that in long run trade groups are beneficial to the members, it has always been that way. Those who choose to stay out are hurt, economic nationalism is for weak nations with weak economies. It was one of the 1929 Depression

 
 
C.K
bad axe, MI
2/15/2018 06:55 AM
 

  Trump had to pull out of the TTP because of the money exchange rate . All these countries in these trade agreements what the US to convert our dollar into the currency of the country of origin in than do the trade because the US dollar is basically fiat anymore with 70 trillion in US credit market debt. That's why this Saudi OPEC - China Yuan petro dollar exchange that's starting next month will use the China Yuan in oil purchases around the world . This exchanged is backed by gold and will be using the Yuan on both sides of the deal. All the major players in the US hedge funds sold out of them in anticipation of this . The US is going to lose 800 billion a year because of this and most don't know how it's going to make it up.

 
 

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