The President traveled to USDA headquarters on Tuesday to accompany Ag Secretary Tom Vilsack in a meeting with private business folks to deliver a sales pitch in support of the Trans-Pacific Partnership trade agreement.
On a press call Tuesday afternoon, Vilsack talked about the potential boost in agriculture exports that will develop thanks to lower tariffs on a broad array of items.
Beyond tariffs, the agreement also addresses sanitary and phytosanitary barriers to U.S. products that may not be based on sound science.
Several agricultural groups have praised negotiators for finalizing the deal, but many are waiting to analyze and understand the full details before declaring outright support.
One of the biggest obstacles during negotiations was market access for U.S. dairy products into Canada and Japan.
According to some early reports, the deal could allow more U.S. dairy product imports into Canada that will equal about 3.25% of the Canadian milk supply.
Congress is expected to get the legal documents for the deal sometime this week, and then lawmakers will have 30 days to review them before the agreement is made public.
The next step will be a full economic review of the deal by the U.S. International Trade Commission. The agency has up to 105 days to complete that work.
Given the timeline and the building election season in the U.S., some pundits don’t expect a Congressional vote on the deal until after the elections in the lame duck session of Congress.
One of the quickest criticisms of the trade deal after it was announced was the absence of language addressing currency manipulation.Share