12/5/19 • Trade

Corn Refiners Association Statement on Japanese Approval of Phase 1 Deal

FOR IMMEDIATE RELEASE
December 5, 2019
Contact: [email protected]

WASHINGTON, DC –In reaction to the announcement of the Japanese Diet’s approval of the U.S.-Japan Trade Agreement, John Bode, President and CEO of the Corn Refiners Association, commented:

“We applaud Japan’s swift approval of the U.S.-Japan Trade Agreement (phase one) recently signed by President Trump and Prime Minister Abe. The President’s continued commitment to seek out strong and fair trade deals across the globe ensures a competitive market for U.S. farmers, ranchers, and other agri-businesses. We look forward to negotiations on the phase two agreement in order to expand and strengthen the market access gains achieved through the phase-one deal.”

U.S. corn refiners export over $2 billion dollars in goods annually, adding $4.7 billion to the overall economy. With 15% of all U.S. refined corn products exported annually, international trade is vital to the success of CRA members.

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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, starch, advanced bioproducts, corn oil and feed products from corn components such as starch, oil, protein and fiber.