US revisits TPP participation

16 Apr, 2018 09:47 AM
Comments
0
 
US President Donald Trump now looking at a backflip on the TPP.
Australian farmers wanted to retain their competitive advantage...
US President Donald Trump now looking at a backflip on the TPP.

REPORTS suggest US president Donald Trump has made an about-face on his decision not to participate in the Trans Pacific Partnership (TPP) trade agreement.

A release from US Wheat Associates (USW) on Friday congratulated Mr Trump for his move in asking his trade officials to explore avenues whereby the US could re-join negotiations on the TPP.

This comes after Mr Trump made a point last year of pulling out of TPP talks, saying he preferred an ‘America first’ policy.

However, now it seems the US leader is warming to the idea of the TPP, which has 11 other nations around the table at present, following heavy lobbying from influential farming lobby groups.

The US agriculture sector is delighted with the news as it will mean it has access to key markets on equal terms as major competitors such as Australia.

“Putting it simply, joining TPP is the best way to avoid a potentially devastating loss of wheat sales to Japan,” said USW Chairman Michael Miller, a wheat farmer from Ritzville, Washington.

But the National Farmers’ Federation (NFF) says Donald Trump can’t just “waltz back in” on the Trans Pacific Partnership and expect to receive “windfalls”,

The erratic US President signalled during the 2016 Presidential election campaign that he would adopt a more protectionist stance on free trade deals like the TPP or North American Free Trade Agreement that he felt failed to advantage America.

He boasted exiting the TPP which was one of his first moves following inauguration in early 2017, while in more recent times his anti-free trade rhetoric has been backed up by action, igniting a tit-for-tat tariff war against China that has alarmed US farmers at a time when they’ve warned farm incomes are struggling.

NFF CEO Tony Mahar said a new style of TPP agreement had been reached – minus the US – which was one his national peak farm lobby group and the Australian agriculture sector had been a strong supporter of.

Mr Mahar said Australian farmers wanted to retain their competitive advantage which current existed in markets like Japan on products like major exports like beef, grain and dairy.

FarmOnline

POST A COMMENT


Screen name *
Email address *
Remember me?
Comment *
 
DATA driven quality performance indicators are helping Hans and Kerrin van Wees and Jakob Malmo to achieve high production from a pasture-based dairy system in Gippsland, Victoria. 
03 Apr 18 DATA driven quality performance indicators are helping Hans and Kerrin van Wees and Jakob Malmo to achieve high...
Seed is the most important input into any crop or pasture that is sown.03 Apr 18 Seed is the most important input into any crop or pasture that is sown.
light grey arrow
Amen! From start to finish - especially the "deafening silence". The number of times I've heard
light grey arrow
Miracle Whip changed to Mayo...I know it was bought out by Bega. It is no longer on the shelves.
light grey arrow
Received your email re Crozier Street, V/Harbor. As one of many residents in Rapid Drive,
Like a lot of dairyfarmers, Steven and Leanne Wieland's Boonah, Qld, business has grown in the past decade.13 Feb 18 Like a lot of dairyfarmers, Steven and Leanne Wieland's Boonah, Qld, business has grown in the past decade.
A Western Australian dairyfarmer says his simple effluent management system is the most cost-effective and labour efficient for his farm.
06 Feb 18 A Western Australian dairyfarmer says his simple effluent management system is the most cost-effective and labour...
Australian farm chemical manufacturer Nufarm has repaired its balance sheet and is now hunting for acquisition opportunities.25 Sep 16 Australian farm chemical manufacturer Nufarm has repaired its balance sheet and is now hunting for acquisition...
Monopoly market may confront cropping sector under mega-merger proposal.22 Sep 16 Monopoly market may confront cropping sector under mega-merger proposal.