AFIA Gives Initial Thoughts on TPP Text
After its initial review of the final text of the Trans-Pacific Partnership Agreement released today by the White House, the American Feed Industry Association's initial reaction is extremely positive.After its initial review of the final text of the Trans-Pacific Partnership Agreement released today by the White House, the American Feed Industry Association's initial reaction is extremely positive.
"This agreement truly is a landmark text that will set a global precedent moving forward," said Gina Tumbarello, AFIA director of international policy and trade.
"Recognizing the U.S. already has trade agreements with several of the trading partners, AFIA is grateful for the U.S. Trade Representative's efforts in negotiating an agreement that offers new opportunities for U.S. feed, feed ingredients, pet food and feed equipment exports," Tumbarello added.
The new tariff schedules will either entirely eliminate existing duties upon the effective date of this agreement, or tariffs will be eliminated over time (four to six years) in annual increments.
Tumbarello said, even more exciting is the opportunities and tools this agreement offers in the areas of non-tariff barriers, and the emphasis it puts on "science-based" determinations/measures.
"If ratified and put into force, TPP will allow the U.S. feed industry to operate on a more level playing field in the Pacific Rim region, a region where other countries have concluded their own bilateral or regional trade agreements that have put the U.S. at a disadvantage. This agreement will set the terms and standards for future agreements, holding them to higher standards and expectations," said Tumbarello.
AFIA looks forward to completing a more thorough analysis of the agreement to highlight its benefits and the true value it brings the U.S. feed industry.
After the 60-day public review of the TPP text, AFIA urges Congress to move swiftly to approve the TPP agreement.