Agriculture Secretary Tom Vilsack Shares Priorities for TPP and T-TIP Agreements
FOR IMMEDIATE RELEASE
CONTACT: Andy Resnick
WASHINGTON, DC – As negotiations conclude on the landmark Trans-Pacific Partnership (TPP) free trade agreement, the Corn Refiners Association (CRA) releases its 2015 Corn Annual, Trade: Opportunities, Benefits and Outlook. The report addresses the numerous near and long term opportunities for increased trade and features an insightful article from Agriculture Secretary Tom Vilsack on priorities for U.S. agriculture in the TPP and Transatlantic Trade and Investment Partnership (T-TIP) agreements.
U.S. agricultural exports support more than 1 million jobs both on and off the farm, and contribute hundreds of billions of dollars to the gross domestic product. Free trade agreements (FTA) are critical to the expansion of refined corn product exports. The 2015 Corn Annual explores successes of past FTAs to help demonstrate the potential of future agreements.
“The corn refining industry is a strong competitor in the international marketplace due to the consistent quality, superior performance and availability of our products,” said CRA President and CEO John Bode. “Free trade agreements help our industry compete on a level playing field and have proven to work. Take the North American Free Trade Agreement (NAFTA) for example. For our industry alone, since the agreement was implemented, exports to our NAFTA partners have more than tripled. Successful passage of TPP and continued efforts to negotiate a successful T-TIP will expand export markets and promote job growth.”
In 2014, approximately 4.83 million metric tons of refined corn products and animal nutrition products were shipped internationally, adding more than $2.55 billion to our balance of trade. Reducing trade barriers through FTAs will benefit corn refiners, local communities and trading partners in terms of jobs, economy and food security.
“Agricultural producers and businesses thrive when they can operate in a secure business environment. The more predictable, transparent and reliable international markets are, the better chance U.S. producers have to access customers and compete fairly on price, quality and service,” writes Secretary Vilsack.
The 2015 Corn Annual is available as an online flipbook and PDF at corn.org/publications/annual-reports/.
The Corn Refiners Association (CRA) is the national trade association representing the corn refining industry of the United States. CRA and its predecessors have served this important segment of American agribusiness since 1913. Corn refiners manufacture sweeteners, ethanol, starch, bioproducts, corn oil and feed products from corn components such as starch, oil, protein and fiber. www.corn.org