Tridge summary
The article highlights the significant impact of free trade agreements (FTAs) on the U.S. agricultural sector, with a focus on the trade of coarse grains and grain products. In 2019, 20 countries with which the U.S. has FTAs accounted for 41% of total U.S. agricultural exports and 61% of coarse grain exports. The U.S. Grains Council submitted evidence to the U.S. International Trade Commission, stressing the importance of new market access for maintaining U.S. farm sector competitiveness. The submission also pointed out that the U.S. has seen over a decade of annual agricultural export revenues exceeding $150 billion, supporting more than one million American jobs. The article underscores the potential of FTAs to address market access challenges, such as tariffs and non-tariff barriers, and highlights the positive effects of the U.S.-Mexico-Canada Agreement and other FTAs on U.S. agricultural trade.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Click the image to view the full comments. The 20 countries with which the United States has formal free trade agreements (FTAs) bought 41 percent of all U.S. ag exports and 61 percent of all U.S. coarse grains and co-products exports in 2019 – making these pacts the foundation of consistent overseas demand for the U.S. farm sector and demonstrating the urgent need for new market access to ensure U.S. ag’s future competitiveness. The U.S. Grains Council (USGC) outlined the impact of free trade agreements on U.S. grains and grain products, including ethanol, in a formal statement submitted this month for a U.S. International Trade Commission investigation informing the U.S. Congress’ oversight of trade deals. The review does not include targeted deals entered into in recent years with Japan and China, which have also added to U.S. ag sales. Strong policy that opens markets for U.S. ag goods compliments U.S. producers’ natural advantages in cropland, acceptance of technology, ...
Source: US Grains Council
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