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Report shows agriculture a big winner under TPP

TPPA report by the U.S. International Trade Commission earlier this week says agriculture stands to reap the biggest benefits from the Trans-Pacific Partnership. If the TPP was implemented, the report finds that agricultural exports would rise by about $7.2 billion per year by 2032. Imports of farm products would also increase, but only by $2.7 billion annually. Groups like the American Farm Bureau Federation and the American Soybean Association say the report is further proof that Congress should act now to approve the TPP. However, Congressional leaders remain pessimistic that the trade pact will get a vote this year, according to Agri-Pulse. In renewing his call for Congress to approve the deal, USDA Secretary Tom Vilsack says the Trade Commission report “echoes what every major reputable study on TPP has now found,” that being strong benefits for the U.S. agriculture sector.

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