Trans-Pacific Partnership Deal Announced
The Trans-Pacific Partnership (TPP) trade deal announced this week could mean more exports from the Midwest. As Harvest Public Media’s Kristofor Husted reports, the agreement could be worth billions for U.S. farmers.
The TPP is expected to give U.S. farmers easier access to markets in countries like Japan and Australia by reducing tariffs on products like beef and rice.
The details of the agreement haven’t been released yet, but David Salmonsen of the American Farm Bureau says he’s most eager to see what was worked out for U.S. dairy — one of the more contentious commodities debated during negotiations.
“Here you had multiple countries, the U.S., Canada, New Zealand, Japan and Australia, all looking to either get access or defend against granting too much access dealing with dairy products," he says.
Even with restrictions in place, countries covered under the trade deal already import more than 60 billion dollars of U.S. farm products.