Trade Agreements and Tariffs Under the Microscope
- The Obama Administration plans to give Congress reason to approve Trade Promotion Authority by negotiating a Trans-Pacific Partnership Agreement they can’t pass up.
According to U.S. Trade Representative Michael Froman, the votes are there as long as the administration brings back a good agreement. He says the focus is to do just that including for agriculture.
Froman reports spending time on Capitol Hill with both parties to lay the foundation for broad bipartisan support of TPA legislation. He says Congress has recognized the infeasibility of designating more than 500 people, their full membership, as trade negotiators.
- The European Union (EU) has publicly announced its unwillingness to eliminate tariffs on beef, poultry and pork when exchanging tariff offers with the U.S. in the Transatlantic Trade and Investment Partnership talks.
The EU Trade Minister also stated the EU will not change its legislation regarding beef hormones and the feed additive ractopamine.
According to the National Pork Producers Council the EU is the second largest market in the world for pork consumption and represents a tremendous market opportunity for U.S. pork exports.