With Trade Deal Final, Details Emerge on Ag

The USDA has compiled an industry resource that dives into the details about the Trans-Pacific Partnership. The resource explains agriculture-specific components of the international trade agreement that includes the U.S., Canada, and 10 other Pacific Rim countries. The reports break out information on a state-by-state basis and by agricultural product.

Among countries in which the department says the U.S. will enjoy new and enhanced market access are Japan, Vietnam, Malaysia, New Zealand, and Brunei.

More than half (by value) of U.S. farm products exported to Japan will enter duty-free. Vietnam has committed to eliminating more than 60% of tariffs on ag products within five years. Malaysia and New Zealand will eliminate more than 90% of agriculture tariffs.

The department says the agreement "opens markets and will support expansion of U.S. agricultural exports, increase farm income, generate more rural economic activity, and promote job growth."

Find the resource at FarmEquip.org/TPP. S