AFIA Turns Eyes to Congress Following TPP Signing
Following the signing ceremony of the Trans-Pacific Partnership held Wednesday in New Zealand, the American Feed Industry Association looks to Congress to approve the trade agreement for the betterment of the U.S. animal food industry.Following the signing ceremony of the Trans-Pacific Partnership held Wednesday in New Zealand, the American Feed Industry Association looks to Congress to approve the trade agreement for the betterment of the U.S. animal food industry.
"Congress should vote to approve TPP," stated Gina Tumbarello, AFIA director of international policy and trade. "International trade offers the greatest potential for the U.S. animal food industry's future growth, through both direct feed and ingredient exports and the increased overseas sale of U.S. livestock, poultry and dairy products. Free trade agreements, such as TPP, are the tools that open those international markets and make continued U.S. growth possible."
In 2014, the U.S. exported more than $10 billion in feed, feed ingredients and pet food, including soybean meal, corn co-products and other feed additives. Sixty percent of those exports go to TPP countries.
"U.S. exports to the Asia-Pacific region have grown, but the share of U.S. trade in that area has declined relative to other countries because countries in that region have bilateral or regional free trade agreements with U.S. competitors," said Tumbarello. "For example, a recent USDA report found the Japan-Australia trade deal could result in a $100 million loss in exports to Japan. Ratifying TPP would significantly reduce this effect.
"To ensure the U.S. plays a leading role in this important global region, Congress must approve TPP."