Following the announcement of an agreement in the Trans-Pacific Partnership talks, many agriculture organizations approved of the trade deal, despite many details yet to be made public.
The full text will be available once made ready by President Obama’s Administration and trade negotiators.
Then, 60 days later, the administration can present the agreement to Congress for a vote.
In a joint statement by trade negotiators, the next step is technical work to prepare a complete text for public release, including the legal review, translation, and drafting and verification of the text.
A statement released by the White House said the TPP will provide a near-term boost to the U.S. economy, and it will shape our economic and strategic relationships in the Asia-Pacific region.
USDA Secretary Tom Vilsack said “Increased demand for American agricultural products and expanded agricultural exports as a result of this agreement will support stronger commodity prices and increase farm income.”
