Trump withdraws from TPP

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Newly inaugurated President Donald Trump wasted no time, signing three executive memos on Jan. 23. One withdraws the U.S. from the Trans Pacific Partnership (TPP), a second reinstates the Mexico City Policy dealing with non-governmental organizations (NGOs) and abortion access in foreign countries, and a third freezes federal workforce hiring.In terms of agriculture, the TPP withdraw has the most significant impact and the action was met with mixed reviews. International trade is a vital part of agricultural markets.The Ohio Farmers Union, and the National Farmers Union, lauded President Donald J. Trump for the U.S. withdrawal from TPP negotiations.“We appreciate that President Trump has prioritized the fulfillment of a major campaign promise by formally withdrawing from the Trans-Pacific Partnership,” said Joe Logan, OFU President. “Although farmers, like other businesses have adapted to a global marketplace, we believe that the TPP was deeply flawed. We are confident that a better agreement is possible, but getting one completed will be a major challenge.”TPP and prior trade agreements have failed to achieve a balance of imports and exports. They’ve also failed to have strong enforcement mechanisms regarding labor, the environment and currency.“Like President Trump, OFU believes in fair trade and we thank him for following through on this campaign promise,” said Ron Sylvester, OFU External Relations Director. “We look forward to working with the Trump Administration on fixing other trade deals such as North American Free Trade Agreement (NAFTA). We also hope the Trump Administration will work to restore Country of Origin Labeling in the U.S. for beef, pork and poultry.”The American Farm Bureau, however, supported the TPP.“We viewed TPP as a positive agreement for agriculture — one that would have added $4.4 billion annually to our struggling agriculture economy. With this decision, it is critical that the new administration begin work immediately to do all it can to develop new markets for U.S. agricultural goods and to protect and advance U.S. agricultural interests in the critical Asia-Pacific region,” said Zippy Duvall, president of AFBF. “American agriculture is virtually always a winner when trade agreements remove barriers to U.S. crop and livestock exports because we impose very few compared to other nations. We have much to gain through strong trade agreements. AFBF pledges to work with the administration to help ensure that American agriculture can compete on a level playing field in markets around the world. But we need the administration’s commitment to ensuring we do not lose the ground gained — whether in the Asia-Pacific, North America, Europe or other parts of the world.“This is why we believe it is also important to re-emphasize the provisions of the North American Free Trade Agreement with Canada and Mexico that have been beneficial for American agriculture. U.S. agricultural exports to Canada and Mexico have quadrupled from $8.9 billion in 1993 to over $38 billion today, due in large part to NAFTA. Any renegotiation of NAFTA must recognize the gains achieved by American agriculture and assure that U.S. ag trade with Canada and Mexico remains strong. AFBF will work with the administration to remove remaining barriers that hamstring the ability of America’s farmers and ranchers to benefit from trading relationships with our important North American trading partners.”last_img

Leave a Reply

Your email address will not be published. Required fields are marked *