USDA: Showing How Trans Pacific Partnership Benefits All 50 States

Baton Rouge, La. - In conjunction with a series of Made in Rural America Executive Actions announced by President Obama and the White House, the U.S. Department of Agriculture (USDA) has released data showing the opportunities for agriculture of the Trans Pacific Partnership (TPP) to help boost agricultural exports across the 50 United States. TPP is a 21st century trade agreement that will promote job growth, increase farm income, generate greater rural economic activity, and help expand U.S. agricultural exports to some of the fastest growing countries in the Asia-Pacific region. USDA released its TPP data today after President Obama announced a set of new executive actions to help grow manufacturing in rural areas and to provide new markets to small businesses across our nation's heartland. The President's announcement underscored the White House's "Made in Rural America" initiative launched in February 2014 and co-led by Agriculture Secretary Tom Vilsack.

Here is just a snapshot of how the TPP would boost exports of some U.S. food and agricultural products:

• Soybeans and Soybean Products: Under the Agreement, tariffs across the TPP region will be cut, offering new market access opportunities to U.S. producers and exporters of soybeans and soybean products. In 2014 the United States exported $5.5 billion of this product to the TPP region.
• Poultry and Beef: Under the Agreement, tariffs across the TPP region will be cut, offering new market access opportunities to U.S. poultry and beef producers and exporters. In 2014, the United States exported about $7 billion in poultry and beef to the TPP region.
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• Fresh Fruits and Fresh and Processed Vegetables: Under the Agreement, tariffs across the TPP region will be cut, offering new market access opportunities to producers and exporters of U.S. fresh fruits and fresh and processed vegetables. In 2014, the United States exported about $8.1 billion of these products to the TPP region.

Trade is a vital contributor to the U.S. economy. More than 95 percent of the world's potential consumers, representing nearly 80 percent of the world's purchasing power, live outside our borders. To learn how the TPP would benefit your state's food and agricultural economy, visit www.fas.usda.gov/topics/trans-pacific-partnership-tpp.

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