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Latest headlines

USDA data reveals benefits of TPP for all 50 states

By Jeremy Gerrard
February 27, 2015

USDA data reveals benefits of TPP for all 50 statesUSDA has released data outlining the agricultural opportunities of the Trans Pacific Partnership (TPP) and how it would help boost agricultural exports for all 50 states.

“TPP is a 21st century trade agreement that will promote job growth, increase farm income, generate greater rural economic activity, and help expand U.S. agricultural exports to some of the fastest growing countries in the Asia-Pacific region,” USDA stated.

According to USDA, agricultural exports for the last fiscal year reached $152.5 billion, the highest level on record.

A look at how the TPP would boost exports includes:

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.

More information on each state’s benefits can be found here.

 

KEYWORDS: global economy trade USDA

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Jeremy Gerrard was Food Engineering's Digital/Online Editor. He is a graduate of Auburn University with a degree in journalism. His previous work experience includes years spent as a reporter with the Daily Local News out of Chester County, PA. In addition to writing feature articles for Food Engineering, Jeremy covered the Dry Processing, Field Reports and People and Industry news sections.

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