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14 January, 2019 - 17 January, 2019
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15 January, 2019 - 16 January, 2019
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As the newly elected U.S President, Donald Trump, signed an executive order to withdraw from the Trans-Pacific Partnership (TPP) in his first days in the White House, representatives from the U.S. meat industry ask the Government for a bilateral trade agreement with Asia.
The North American Meat Institute (NAMI), which represents the U.S. meatpackers and beef processors among others, said the U.S. withdrew from the TPP to make way for bilateral trade agreements. According to the USDA, the United States Department of Agriculture, US$1 billion of U.S agricultural exports generated 8,000 jobs in the country, requiring over one million full-time civilian jobs.
“U.S. beef consumed in Japan can generate jobs and taxes that fund schools, roads, police, and fire department. Lost trade abroad can mean lost jobs at home”, said Janet Riley, Senior Vice-President Public Affairs, NAMI.
The new administration favours bilateral trade because not only it enables the U.S. to negotiate better terms for itself but it can also get out of an agreement much easier if needed, according to Sean Spicer, the White House Press Secretary.
Meanwhile, the FDRA, the Footwear Distributors and Retailers of America, is asking its members to address a letter to Congress representatives explaining how a new proposal, named ‘border adjustability’, to tax imported shoes differently will the detrimental to the sector, leading to higher cost and job losses in the U.S.
Sources: Global Meat News/FDRA