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Tag Archives: exports

TPP PUSH

President Obama launched his push for approval of the Trans-Pacific Partnership Tuesday with a one-hour, closed-door meeting with leaders of agriculture and other business sectors that will be critical to the coming congressional debate. Details at FarmWeekNow.com.

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TPP A BIG DEAL

The intense, final hours of negotiations to conclude the Trans-Pacific Partnership trade deal came down to disputes over milk imports, drug patents and origin of car parts. But the seven-year-long effort by the U.S. was always about something bigger: embedding an American-led vision of an economic and political order in Asia. The 12-nation accord is… read more

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TPP REACTION

“Trade is important to Illinois farmers and agriculture, and Illinois agriculture will certainly benefit from this agreement, as TPP partners purchase 42 percent of all U.S. agriculture exports,” said IFB President Richard Guebert, Jr. in a statement issued Monday on the TPP deal. “We look forward to reviewing the agreement in greater detail. In the meantime,… read more

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TPP DEAL REACHED

Negotiators say they’ve reached an agreement on the Trans-Pacific Partnership. Among the deals reached under the Trans-Pacific Partnership, Canada and Japan agreed to increase access to their tightly controlled dairy markets, allowing in some American dairy products. President Obama and USDA Secretary Tom Vilsack will promote TPP Tuesday during a scheduled appearance at USDA headquarters.

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DAIRY TOUR

Illinois officials are hosting visitors from nearly 20 countries which are potential milk buyers. Representatives from the Dominican Republic, Ecuador, Mexico, Nepal and Thailand are among those participating in this year’s Illinois Dairy Tour. The tour started in Greenville Monday.

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BIG BUY

Chinese trade groups signed contracts to buy more than 484 million bushels of U.S. soybeans, a deal worth $5.3 billion, says the U.S. Soybean Export Council. The deal is equal to one-eighth of this year’s crop and comes ahead of today’s meeting of Chinese President Xi Jinping and President Obama.

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OPENING UP CUBA

American agricultural exporters can start opening offices and storage facilities in Cuba, under a series of steps finalized by the Obama administration to ease restrictions on business and travel.

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U.S. SOYBEAN FARMERS LOSING OUT TO BRAZIL IN WORLD EXPORT MARKET

American soybean farmers are beginning to harvest what’s expected to be their second-biggest crop. At the same time, they’re seeing their share of the global export market shrink, reflecting the growing interdependence of Brazil and China in agricultural trading, as reported by Bloomberg News.

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HOUSE OK’s

The U.S. House passed a pair of bills aimed at avoiding future disruptions of export grain inspections and livestock market reports.    

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TRADE SINCE NAFTA

USDA says intraregional agricultural trade among the United States, Canada, and Mexico has more than tripled (in inflation-adjusted value) since the implementation of the North American Free Trade Agreement (NAFTA) in 1994. In 2011-13, agricultural imports from NAFTA partners accounted for 80% of Mexico’s total agricultural imports, 63% of Canada’s imports, and nearly 40% of… read more

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