ABSTRACT

Major Agricultural Trade Issues in the 114th Congress [February 10, 2015]   [open pdf - 328KB]

From the Document: "Trade, particularly exports, is critical to the vitality of American agriculture. On average, foreign markets absorb about one-fifth of U.S. agricultural production, thus contributing significantly to the health of the farm economy. […] Farm product exports make up about 10% of total U.S. exports and contribute positively to the U.S. balance of trade. The economic benefits of agricultural exports also extend across rural communities, while overseas farm sales help to buoy a wide array of industries linked to agriculture, including transportation, processing, and farm input suppliers. Moreover, most of the future growth in food demand is expected to occur in developing countries. Trade, including agricultural trade, is clearly on the national agenda in the 114th Congress. The United States is engaged in negotiating two large regional trade agreements--the Trans-Pacific Partnership (TPP) among 12 Pacific-facing nations, and the Transatlantic Trade and Investment Partnership (T-TIP) with the European Union. These agreements hold the potential to expand foreign markets for U.S. farmers and food processors by eliminating, or substantially lowering, tariffs and restrictive quotas around certain commodities, such as rice and pork in Japan, or by dismantling supply management programs that protect poultry, eggs, and dairy in Canada. Also on the negotiating agenda are non-tariff trade barriers, including certain sanitary and phytosanitary (SPS) measures that governments employ to safeguard human, animal, and plant health, but which may also be used to deter imports. […]"

Report Number:
CRS Report for Congress, R43905
Author:
Publisher:
Date:
2015-02-10
Copyright:
Public Domain
Retrieved From:
The National Agricultural Law Center: http://www.http://nationalaglawcenter.org/
Format:
pdf
Media Type:
application/pdf
URL:
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