Today, the Obama Administration announced bilateral consultations with Japan about its interest in joining the Trans-Pacific Partnership (TPP) have concluded and the U.S. welcomes Japan joining TPP negotiations.
"Today's announcement represents a positive development which could expand market access for Nebraska exporters in one of the world's largest economies," said Congressman Adrian Smith (R-NE). "While Japan has shown progress and signaled a willingness to recognize science-based food standards, more work is needed. It is imperative the Administration and Congress continue to seek assurances Japan wants a comprehensive agreement in line with the ambitious goals established in current TPP negotiations. We cannot undermine gains in market access by allowing non-tariff trade barriers to prevent Nebraska producers from exporting their quality products."
U.S. food and agricultural exports to the Asia-Pacific region have previously reached more than $80 billion, and account for more than 70 percent of total U.S. agricultural exports to the world.
According to National Pork Producers Council President Randy Spronk, "With Japan in it, TPP is the single most important trade negotiation ever for U.S. pork and many other U.S. agricultural products. We estimate that a South Korea-Colombia-type outcome for U.S. pork in the TPP negotiation -- meaning the elimination of all tariff and non-tariff barriers -- will create 27,000 direct and indirect pork industry jobs in the United States.
As a member of the House Ways and Means Subcommittee on Trade, Congressman Smith remains committed to ensuring Nebraska's producers are represented during the negotiation process.