Thursday, April 21, 2011
Just in from Washington
Stallman Heralds Administration Action on Panama Trade Pact
Washington--American Farm Bureau Federation President Bob Stallman called the Obama administration’s announcement of a deal to advance the Panama free trade agreement “welcome news for America’s farmers and ranchers.”
“U.S. farmers and ranchers could face losses in market share in Panama to our competitors who have trade agreements with the country. Panama has duty-free access to the U.S. market, while our products face excessive tariffs when sold to the Panama market,” Stallman said. “Once implemented, the Panama FTA will level the playing field for U.S. farmers and ranchers by eliminating these tariffs.
“The Panama, Colombia and South Korea agreements will create expanded markets for American farm and ranch products and boost our overall economy. Together, the three agreements represent nearly $2.5 billion of additional agricultural exports from the United States and would support as many as 27,000 new U.S. jobs.”