AFBF submitted its analysis of the proposed Trans-Pacific Partnership trade agreement to the United States International Trade Commission on Friday, for a report the commission is developing. AFBF’s analysis shows TPP will tear down trade barriers and help level the playing field for U.S. agricultural exports to 11 nations across the Pacific Rim. Ratifying TPP will boost annual net farm income in the United States by $4.4 billion, compared to not approving the pact.
The report USITC produces on TPP will be submitted to Congress and the administration by May 18.
The ITC is an independent, quasijudicial federal agency with broad investigative responsibilities on matters of trade. USITC serves as a federal resource where trade data and other trade policy-related information are gathered and analyzed. The information and analysis are provided to the president, the Office of the United States Trade Representative and Congress to facilitate the development of sound and informed U.S. trade policy. The commission makes most of its information and analysis available to the public to promote understanding of international trade issues.
AFBF TPP Analysis