A new study says the U.S. withdrawal from the Trans-Pacific Partnership will cost the nation more than $3 billion in exports. Meanwhile, the remaining 11 members would enjoy marginal gains from the U.S.’ TPP withdrawal, with Mexico and Canada set to benefit the most. A study by a firm from Canada told the Global Trade Review this week that TPP-11 …
New Zealand, U.S. Bilateral Trade Talks Far Off
New Zealand Prime Minister Bill English says bilateral trade talks between New Zealand and the U.S. are not likely anytime soon. His comments follow meetings between U.S. Trade Representative Robert Lighthizer and New Zealand Trade Minister Todd McClay last week. English says that given how the U.S. has framed trade policy as largely benefiting the U.S., that it “would be …
U.S. and China Reach Agreement to Boost Dairy Trade
The U.S. Dairy Export Council says the agreement reached this week between the U.S. and China will make it possible to significantly expand American dairy exports. An Agri-Pulse report says 80 U.S. processors are now officially cleared to immediately begin exporting to China, thanks to the Memorandum of Understanding between the countries. The agreement will also make it possible for …
Trump’s Cuba Policy a Lost Opportunity for Agriculture
President Donald Trump’s Friday announcement on reinstating limits on travel to and business with Cuba may result in lost economic opportunities for corporations, small businesses, and farmers. The new policy will keep U.S. companies from doing direct financial transactions with companies controlled by the Cuban military. Politico’s Morning Agriculture Report says the opportunity for American agriculture to export more products …
American Farm Bureau Cautions on Cuba
The following may be attributed to American Farm Bureau Federation President Zippy Duvall: “We urge the administration to exercise caution in rolling out any new restrictions on doing business with Cuba that would limit our agricultural export opportunities. We should be doing more, not less, to encourage U.S. agricultural exports to Cuba. Our farmers and ranchers and the Cuban people …
China Trade Agreement Includes Biotech Approvals
The trade agreement between the U.S. and China that focused on U.S. beef also paved the way for Chinese approval of two U.S. genetically modified crop traits. The Wall Street Journal reports China has approved imports of two new varieties of genetically modified crops, clearing the way for U.S. agricultural companies to market new biotech seeds to farmers. Through the …
New Zealand to Visit U.S. to Talk Trade
Trade officials from New Zealand will meet with U.S. Trade Representative Robert Lighthizer and other U.S. trade officials. The New Zealand government says the nation’s Trade Minister Todd McClay will make New Zealand’s first official ministerial visit to Washington under the Trump administration this week and will be pressing to advance the U.S.-New Zealand trade relationship. The U.S. is the …
NMPF Board of Directors Supports NAFTA Modernization
Process Should Preserve Trade Successes in Mexico, Address Canada Dispute The National Milk Producers Federation Board of Directors voted unanimously to support modernizing the North American Free Trade Agreement (NAFTA) in a way that enhances and protects the United States’ current dairy market access opportunities and addresses Canada’s constant use of trade-distorting measures. At its June meeting here, NMPF’s board …
AFBF Details NAFTA Renegotiation Priorities
The North American Free Trade Agreement has been overwhelmingly beneficial for U.S. farmers and ranchers—and their counterparts in Canada and Mexico—but there are several good reasons to update and reform NAFTA from agriculture’s perspective, according to the American Farm Bureau Federation. Under NAFTA, U.S. farmers and ranchers have seen their exports to Mexico and Canada grow significantly, from $8.9 billion …
National Farmers Union Submits NAFTA Comments to USTR
The National Farmers Union is urging the Donald Trump administration to craft a new, fair trade framework for international trade deals that benefits rural America through the renegotiation of the North American Free Trade Agreement. In public comments submitted to U.S. Trade Representative Robert Lighthizer, NFU President Roger Johnson highlighted the alleged shortcomings of the United States’ current free trade …