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AG GROUPS URGE BIDEN ADMINISTRATION TO REFORM TRADING SYSTEM
Nov. 13, 2023
Source: National Pork Producers Council (NPPC)
NPPC and 29 other agricultural organizations urged the Biden administration to "pursue achievable, short-term goals while laying the groundwork for a more ambitious, long-term effort to reform the agricultural trading system" at the upcoming World Trade Organization (WTO) meeting in the United Arab Emirates.
In a letter sent this week to U.S. Trade Representative Katherine Tai and Agriculture Secretary Tom Vilsack, the coalition underscored the importance of the goals, emphasizing the need for a proposal on market access and discussions focused on restoring binding dispute settlement mechanisms to enforce international trade rules.
To read the letter click here.
The upcoming WTO's Ministerial Conference, scheduled for February 26-29, 2024, represents the organization's top decision-making body.
Why it matters: U.S. agriculture relies on a fair trading system, with the WTO to enforce trade agreements and international trade rules to ensure the flow of farm exports. U.S. agriculture is dependent on exports.
U.S. exports topped $2 trillion in 2022, with agricultural exports accounting for more than $160 billion. These exports sustain more than 9 million U.S. jobs, including a million in the agricultural sector, according to the U.S. International Trade Administration.
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