The U.S. Department of Agriculture (USDA) has released a series of fact sheets illustrating how the newly reached Trans-Pacific Partnership (TPP) agreement can boost the U.S. agriculture industry, supporting more American jobs and driving the nation’s rural economy. Created by the USDA’s Foreign Agricultural Service (FAS), the fact sheets graphically depict how each state and individual commodities stand to benefit from increased agricultural trade with the 11 other TPP countries.
Trade ministers from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam concluded TPP negotiations on Oct. 5 in Atlanta, Ga. Trade with these countries accounted for 42 percent of U.S. agricultural exports in 2014, contributing $63 billion to the U.S. economy.
“Increased demand for American agricultural products and expanded agricultural exports as a result of the Trans-Pacific Partnership agreement will support stronger commodity prices and increase farm income. Increased exports will support more good paying export-related jobs, further strengthening the rural economy,” Agriculture Secretary Tom Vilsack said. “All of this activity benefits rural communities and keeps American agriculture on the cutting edge of global commerce. The TPP agreement will contribute to the future strength of American agriculture and helps to ensure that the historic agricultural trade gains achieved under President Obama since 2009 will continue.”
Click here to see the benefits to Washington state.
Click here to see the benefits to the U.S. wheat industry.