The U.S. corn refining industry is a key player in international markets due to the abundance and quality of our feedstock. Exports of refined corn products account for nearly 20 percent of total shipments. Many industries rely on U.S. refined corn products for their consistent quality and superior performance. Emerging markets’ increasing demand for convenient and nutritious prepared foods and industrial goods present new opportunities for U.S. corn refiners.
While the corn refining industry continues to expand into new markets, it is not without its challenges as foreign governments continue to allow high tariffs and trade-distorting domestic programs as a means to prohibit foreign competition. Therefore, the Corn Refiners Association supports comprehensive free trade agreements that opens markets and levels the playing field for the U.S. corn refining industry.
CRA calls on the Administration and Congress to:
- Pass the Trans-Pacific Partnership (TPP) Agreement
- Re-establish commercial relations with Cuba
- Advance the Transatlantic Trade and Investment Partnership (TTIP) agreement negotiations with the European Union
Did you know:
- In 2015, exports of refined corn products contributed nearly $2.3 billion to the U.S. economy.
- According to USDA, U.S. agricultural exports support approximately 1 million U.S. jobs on and off the farm.