While TPA will empower U.S. trade officials to pursue and finalize a number of different trade negotiations, TPP is paramount for U.S. pork producers. The benefits from TPP are expected to far exceed the benefits that have resulted from past trade deals and will represent, according to Iowa State University economist Dermot Hayes, “the most important commercial opportunity ever for U.S. pork producers.”
Negotiations on TPP, which includes the United States, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, are drawing to a conclusion, with the latest round of talks beginning today.
“Significant progress has been made with respect to Japan’s market access offer on pork thanks to the hard work of U.S. trade officials and the strong support of the U.S. Congress,” said NPPC’s Hill. “While NPPC is reserving judgment on a final TPP agreement, we believe it is imperative that Congress approve TPA as a signal to our trading partners that the U.S. is ready to finalize an agreement that expands U.S. trade and generates U.S. jobs.”
Source: NPPC