ITC Hearing on TPP Tuesday
R-Calf expected to recommend rejecting trade agreement.
Compiled by staff
Published: Mar 2, 2010
R-CALF USA CEO Bill Bullard will testify Tuesday before the U.S. International Trade Commission. The panel is gathering input for its investigation on the probable economic effect of duty-free imports on a U.S.–Trans-Pacific Partnership Free Trade Agreement. Besides the U.S., there are seven other countries included in the TPP: Australia, Brunei Darussalam, Chile, New Zealand, Peru, Singapore and Vietnam. The ITC expects to submit its report to the U.S. Trade Representative by June 2, 2010.
R-CALF USA wants the ITC to recommend to President Obama that the TPP be summarily rejected, and also recommends that the U.S. begin immediately to establish a practicable national trade policy, with clearly defined goals and objectives, that likely will result in increased economic opportunities for U.S. small businesses, including U.S. cattle farmers and ranchers.
"We believe the U.S. should establish a trade goal to facilitate the restoration and rebuilding of the contracted U.S. cattle industry," said Bullard.
Bullard is expected to recommend that trade impacts to the U.S. cattle industry be considered. Also, as required in the Trade Act Of 2002, special rules must be included in all trade agreements to recognize the perishable and cyclical nature of cattle and beef, be automatic in application, and should include snap backs of tariffs to previous levels when beef and/or cattle prices fall to a particular trigger level.
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Tagged: free trade agreement
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