Tuesday, July 12, 2011

Just in

Stallman: ‘Trade Deals Heading in Right Direction’

Washington--Both the House Ways and Means Committee and Senate Finance Committee completed “mock” mark-ups on the three pending trade agreements with Korea, Colombia and Panama last week. The implementing legislation was reported out of committee without any amendments.

“The process toward finalizing these important trade deals is heading in the right direction,” said American Farm Bureau Federation President Bob Stallman. “The next step is for the administration to send the implementing legislation to Capitol Hill for a congressional vote. It is imperative that the process promptly move forward to ensure the agreements will be completed by August recess. Inaction on these trade agreements over the last four years has opened the door to our competitors in these markets. Further delay will only exacerbate the losses for U.S. agriculture and the U.S. economy.”

Combined, the three FTAs represent nearly $2.5 billion in new agriculture exports and could generate support for up to 22,500 U.S. jobs. These gains will only be realized if the three agreements are passed by Congress and implemented.

AFBF statement

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