With the election over and Congress reconvening to set their lame duck agenda, the American Soybean Association (ASA) urges Members of Congress to prioritize and pass the Trans Pacific Partnership (TPP) agreement, thus allowing the U.S., and soybean industry, to better participate in the global economy.
“TPP passage is vital to farmers across the country, as well as the processors and exporters that take U.S. soybeans to markets around the world,” said ASA President and Greenwood, Del. farmer Richard Wilkins.
With 95% of the world’s consumers living outside of the United States, passage of TPP will open new global markets and is projected to boost farm exports by $4.4 billion each year.
“Farmers support the improved access to foreign markets through TPP, and welcome the potential for expanded soybean exports in the forms of oil and feed,” Wilkins said. “Overall, TPP has the power to create jobs at home, boost the farm economy and explore foreign markets.”