The White House released the final text of the Trans-Pacific Partnership trade agreement which now allows for a public review process before the president can enter into the trade agreement.
The TPP agreement includes 30 chapters including market access which details the tariff cuts for beef, pork, poultry, grain and other commodities, sanitary and phytosanitary, rules of origin, trade remedies, intellectual property and environment.
Secretary of Agriculture Tom Vilsack said, “the text confirms that this agreement provides new market access across the board for America’s farmers and ranchers by lowering tariffs and eliminating other barriers, and will boost exports and support jobs in our rural economies.”
The National Pork Producers Council announced its support of TPP saying, “TPP will provide benefits to our producers that dramatically exceed those of prior trade agreements.” The U.S. Grains Council expects the agreement to “provide tariff relief, ease non-tariff barriers, improve trade facilitation and prompt systemic shifts in the ag marketplaces of TPP countries that will ultimately generate new demand for U.S. coarse grains and their co-products.” The Ford Motor Co., National Farmers Union and various environmental groups have stated their opposition to the agreement. The text is available at usda.gov/trade.