White House releases 2014 trade agenda

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

With multiple trade negotiations pending and three months gone in the year, President Obama released the administration’s ambitious 2014 trade agenda this week.

Exports In order to have the financial resources necessary to achieve the lofty agenda, the President’s budget would provide the Office of the U.S. Trade Representative about $56.2 million, up from $52.6 million this year. U.S. Trade Representative Michael Froman said the budget proposal makes the critical investments necessary to “create new opportunities for American businesses, farmers and entrepreneurs through trade.”

Froman said the trade agenda is part of a broader strategy for creating jobs and generating growth. According to the trade agenda, data from 2013 showed that every $1 billion in U.S. goods exports supported approximately 5,400 American jobs and every $1billion of U.S. services exports supported approximately 5,900 American jobs.

The first agenda item is concluding negotiations of the Trans-Pacific Partnership, which could boost annual U.S. exports by $124 billion. The countries involved in the TPP agreement include the United States, Australia, Brunei, Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The TPP partners comprise nearly 40 percent of the global GDP and a third of global trade, according to the president’s trade agenda.

Another priority for the agenda is to “make significant progress” on the Transatlantic Trade and Investment Partnership (T-TIP) agreement with the European Union. According to the agenda, T-TIP gives the United States and the EU an opportunity to modernize trade rules related to regulatory and standards systems.

Specifically relating to agriculture, the president’s agenda recognizes that agriculture has been a positive during his tenure at the White House. In 2013, agricultural exports topped $148 billion. According to the agenda document, in 2014, the administration will focus on opening and maintaining markets and advocating for science-based sanitary and phytosanitary (SPS) standards, including efforts with key trading partners like Russia, China and Japan.

The Five Nations Beef Alliance, comprised of the Cattle Council of Australia, Canadian Cattlemen’s Association, Confederacion Nacional de Organizaciones Ganaderas, Beef + Lamb New Zealand, and the National Cattlemen’s Beef Association, recently issued a statement urging TPP negotiators to focus on a plurilateral agreement that has a “high quality, comprehensive outcome for agricultural liberalization.” The alliance also urged incorporating international science-based standards into the text and that Rules of Origin established by TPP must facilitate trade in all red meat products from live animal through prepared meat products.

In order to achieve the agenda goals, the President calls on Congress to pass Trade Promotion Authority, which the agenda calls a critical tool “for Congress to update and assert its role in trade policy, to guide current and future negotiations, and to ensure the completion of market-opening, job-supporting agreements.” 

TPA has been broadly supported among agricultural organizations. American Farm Bureau President Bob Stallman said TPA is needed now.

“For negotiations to keep moving forward on the Trans Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) discussions, we need the TPA authority in place. We urge Congress to pass the bill without delay and show that the United States is committed to completing these trade negotiations.”

For additional perspective about current happenings of trade policy in Washington, D.C., check out the latest commentary from Steve Dittmer


Prev 1 2 Next All



Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Declining Weigh Blending System

Ranco Declining Weigh (DW) is the standard in fertilizer blending because of the speed and accuracy of the blending process. ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form