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Agricultural News

Free Trade Deals Are Worth Billions of Dollars Worth of Trade- and Thousands of Jobs- So Says Bob Stallman of AFBF

Tue, 25 Jan 2011 10:16:05 CST

Free Trade Deals Are Worth Billions of Dollars Worth of Trade- and Thousands of Jobs- So Says Bob Stallman of AFBF The President of the American Farm Bureau, Bob Stallman is testifying today before the House Ways and Means Committee on the importance of the three Free Trade Agreements that were negotiated by the Bush Administration and have been ignored by the Obama Administration since taking office. President Obama's Trade Ambassador Ron Kirk has slightly reworked the Korean Free Trade Agreement- and the White House now says that Agreement will be sent to Congress before summer. There has been no promises made on moving the Panama and/or the Columbia agreements.

Stallman has told the lawmakers that "the American Farm Bureau Federation supports passage of the Korea, Colombia and Panama trade agreements with the United States. Combined, these agreements represent almost $3 billion in additional trade for U.S. agricultural producers, but that is only if they are implemented. The U.S. is facing a proliferation of FTAs increasing the export potential of our competitors, while putting U.S. agriculture at a disadvantage. Due to the administration and Congress’ inaction on these agreements, the debate is no longer simply about generating potential export gains but about how to prevent the loss of existing export markets."

Click here to see the full testimony of Bob Stallman before the House Ways and Means Committee.



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