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Agricultural News

Trade Pact Momentum Should Continue

Wed, 20 Apr 2011 17:21:02 CDT

Trade Pact Momentum Should Continue U.S. Grains Council President and CEO Thomas Dorr says - the recent momentum on trade is very encouraging for U.S. agriculture. We hope to see this momentum continue to where the United States could have bilateral agreements formally in place with Colombia, Panama and Korea by mid-summer, if not before. Dorr says the three trade agreements are critical components of United States’ competitiveness in the international marketplace.

According to USGC, the three agreements offer potential gains of over 2.4-billion dollars in U.S. agricultural exports. The Council believes these gains are critical not only to accomplish President Obama’s goal of doubling exports by 2015 but also in generating a significant increase in both U.S. jobs and income.

USGC Chairman Terry Vinduska, says the United States continues to face competitive challenges. He says these agreements will hopefully restore a more level playing field for U.S. coarse grain exports. Vinduska says ratification of these agreements will enhance the creditability of the United States with its global trading partners on the overall trade agenda.



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