Agricultural News
American Meat Institute is Grateful for Passage of FTAs
Thu, 13 Oct 2011 09:16:57 CDT
The American Meat Institute also voiced their opinion with the passage the free trade agreements with Colombia, Panama and South Korea. The U.S. House of Representatives and U.S. Senate passed the agreements on Oct. 12, 2011. The following is the statement from the AMI President and CEO J. Patrick Boyle.
"Congress' passage today of long-stalled free trade agreements (FTAs) with South Korea, Panama and Colombia is a major victory for America's agricultural sector, our meat and poultry industry and our economy. AMI is grateful that our leaders in Washington have come to a consensus that will finally allow American agriculture the opportunity to compete fairly in these highly sought after global markets.
"When fully implemented, these three FTAs have the potential to be the biggest shot in the arm to the meat and poultry industry since the passage of the North American Free Trade Agreement (NAFTA) in 1994. Results of an impact study conducted in part by AMI found that full implementation of the three FTAs will represent an additional $2.3 billion in exports and the creation of approximately 29,500 badly needed jobs here at home.
"AMI is grateful to our trade negotiators for their work, and to Congress for their swift action and bipartisan cooperation, on making these 'pending' trade agreements a reality."
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