Agricultural News
TPP Deal Reached- Kent Bacus of NCBA Hails Deal for Beef Cattle Producers in the United States
Mon, 05 Oct 2015 09:14:44 CDT
The National Cattlemen's Beef Association's Kent Bacus tells Ron Hays, Farm Director of the Radio Oklahoma Ag Network, that his organization is pleased with the announcement on Monday that the twelve countries involved in the negotiations of the Trans Pacific Partnership have agreed to a deal. The Trade Ministers of the 12 countries involved have just released this statement:
"We, the trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam, are pleased to announce that we have successfully concluded the Trans-Pacific Partnership. After more than five years of intensive negotiations, we have come to an agreement that will support jobs, drive sustainable growth, foster inclusive development, and promote innovation across the Asia-Pacific region. Most importantly, the agreement achieves the goal we set forth of an ambitious, comprehensive, high standard and balanced agreement that will benefit our nation's citizens.
"TPP brings higher standards to nearly 40 percent of the global economy. In addition to liberalizing trade and investment between us, the agreement addresses the challenges our stakeholders face in the 21st century, while taking into account the diversity of our levels of development. We expect this historic agreement to promote economic growth, support higher-paying jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in our countries; and to promote transparency, good governance, and strong labor and environmental protections.
"To formalize the outcomes of the agreement, negotiators will continue technical work to prepare a complete text for public release, including the legal review, translation, and drafting and verification of the text. We look forward to engaging with stakeholders on the specific features of this agreement and undergoing the domestic processes to put the agreement in place."
Bacus talked with Hays about what the deal could mean to the US Beef Cattle Industry- and you can hear his comments by clicking on the LISTEN BAR Below:
Ron Hays talks with NCBA's Kent Bacus about the Trans Pacific Partnership
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