US Agriculture Benefits from Japan in TPP Talks
US - Increased pork exports resulting from a Trans-Pacific Partnership (TPP) agreement would create more than 20,000 direct and indirect US pork-related jobs, with the vast majority generated by Japan alone, said the National Pork Producers Council at a press conference held yesterday (15 April).
16 April 2013
3 minute read
The TPP is a regional trade negotiation that includes the United States, Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Viet Nam, which account for a combined 30 per cent of global GDP. Japan already has free trade agreements with seven of the 11 TPP countries: Brunei, Chile, Malaysia, Mexico, Peru, Singapore and Viet Nam.
The Obama administration on Friday (12 April) agreed to accept Japan into the trade negotiations.
“Increasing pork exports are important to many more Americans than just pork producers,” said NPPC Vice President and International Trade Counsel Nick Giordano, who pointed out that more than 110,000 US jobs are generated by US pork exports. “We expect having Japan join the TPP will likewise provide increased market opportunities and more jobs for us.”
Japan’s economy is second only to China’s in the region, and it is the fourth largest US agricultural export market overall. US food and agricultural exports to Japan in 2012 totaled $13.5 billion. Japan is the top value export market for US pork, accounting for almost $2 billion in 2012 sales.
NPPC was joined at the press conference by the American Farm Bureau Federation, Cargill Incorporated, the National Milk Producers Federation, the National Potato Council and the US Dairy Export Council. Last week, those groups and more than 70 other food and agricultural organizations sent a letter to President Obama, urging the administration to welcome Japan into the TPP talks.
“The addition of Japan to the negotiations will exponentially increase the importance of the TPP to our members and to other sectors of the US economy,” said the groups.
“The bottom line,” NPPC’s Mr Giordano added, “is that TPP with Japan represents the single most important trade negotiation ever for the US pork industry and for most of our colleagues in American agriculture.”
Representatives in attendance included:
David Salmonsen, American Farm Bureau Federation
Dervy Boughner Vorwerk, Cargill
Jaime Castaneda, National Milk Producers Federation/US Dairy Export Council
John Keeling, National Potato Council
You can read the letter by clicking here.
