Economic benefits of TPP outlined

The U.S. Department of Agriculture released data underscoring the benefits for U.S. agricultural exports resulting from a successful conclusion of the Trans Pacific Partnership trade agreement. The following USDA examples show how the TPP would expand exports for U.S. agriculture.

  • Soybeans and soybean products: Under the agreement, tariffs across the TPP region will be cut, offering new market access opportunities to U.S. producers and exporters of soybeans and soybean products. In 2014 the United States exported $5.5 billion of this product to the TPP region.
  • Poultry and beef: Under the agreement, tariffs across the TPP region will be cut, offering new market access opportunities to U.S. poultry and beef producers and exporters. In 2014, the United States exported about $7 billion in poultry and beef to the TPP region.
  • Fresh fruits and fresh and processed vegetables: Under the agreement, tariffs across the TPP region will be cut, offering new market access opportunities to producers and exporters of U.S. fresh fruits and fresh and processed vegetables. In 2014, the United States exported about $8.1 billion of these products to the TPP region.

The information was released in conjunction with a series of executive actions issued by President Barack Obama as part of the “Made in Rural America” initiative. 

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