The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) welcomed the announced launch of the Indo-Pacific Economic Framework (IPEF) this week and the opportunity it offers to strengthen ties with key trading partners across the Asia-Pacific region.
Exports are exceptionally important to the U.S. dairy industry. Last year, the U.S. exported $7.75 billion in dairy products worldwide, which is equivalent to about 17% of total U.S. milk production.
Dozens of members of Congress from both parties have underscored, to the administration, the importance of securing market access gains in IPEF.
While supporting the use of IPEF and other targeted trade tools to advance exports, USDEC and NMPF have been unyielding in their call for once again pursuing comprehensive trade agreements around the world. That’s especially true in the Asia-Pacific region, where competitors like the EU and Oceania have been especially active.