1、 www.crs.gov | 7-5700 May 29, 2015The Trans-Pacific Partnership (TPP) and U.S. AgricultureThe Trans-Pacific Partnership (TPP) is a potential free trade agreement (FTA) being negotiated among 12 countries of the Asia-Pacific region: the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia
2、, Mexico, New Zealand, Peru, Singapore, and Vietnam. The TPP negotiations, which the United States joined in 2008, cover a broad range of trade topics from government procurement to foreign investment to trade in services, to cite just a few. Negotiations over market access for agricultural products
3、 have figured prominently in the discussions as one of a number of agricultural topics under negotiation. Exports a Critical Pillar for U.S. Agriculture Trade is vital for U.S. agriculture, absorbing about 20% of total agricultural production, with exports claiming a far larger portion than that of
4、the output of a number of important commodity crops, including cotton, rice, wheat, soybeans, almonds, and pecans, to cite a few. By adding to the demand for U.S. farm products, exports support commodity prices and contribute materially to higher farm income. U.S. consumer demand for food is growing
