Farms.com Home   Ag Industry News

Obama Faces Push Back from Ag Groups over TPP Negotiations

By Amanda Brodhagen, Farms.com

A coalition of agriculture associations in the United States are unhappy with the way that the Obama administration has been handling the Trans-Pacific Partnership (TPP) negotiations. In particular, concerns have been raised about the U.S. allowing Japan to keep its tariffs on certain agricultural products, including dairy, sugar, rice, beef, pork, wheat and barley.

In a release produced by the National Pork Producers (NPPC), agriculture groups urge President Obama to conclude TPP talks and leave Japan out of the deal, unless it agrees to eliminate its gate price system and tariffs on agricultural products.

Farm groups are worried that if the U.S. gives Japan special treatment that it will set a bad precedent, making way for other countries to request similar treatment. Ultimately, the stalled talks with Japan could jeopardize the entire trade agreement.

The TPP includes the United States, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. According to NPPC, the combined countries account for almost 40 per cent of the global GDP.


Trending Video

Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.