(WASHINGTON, D.C.) – The secretly-negotiated Trans-Pacific Partnership (TPP) - a 12-Nation agreement seven years in the making – “is bad for America’s Family Farmers and Ranchers as we had feared,” National Farmers Union (NFU) President Roger Johnson says.
After the release of the full TPP text, Johnson said: “After years of ‘negotiating in secret’ for an enormous agreement guarded from the public under ‘lock and key,’ the text of the TPP has at last been made public. Unfortunately, it appears to be as ‘bad’ for America’s family farmers and ranchers as we had feared. This agreement has been ‘peddled’ to Farmers and Ranchers as a potential ‘gold mine’ for farm exports, but as with other trade deals, these benefits are likely to be ‘overshadowed’ by ‘increased competition’ from abroad, paired with an ‘uneven playing field’ that will not only ‘reduce’ revenues for Farmers and Ranchers, but will also ‘speed the loss’ of U.S. jobs.
National Farmers Union has been working since 1902 to protect and enhance the economic well-being and quality of life for Family Farmers, Ranchers and Rural Communities through advocating grassroots-driven policy positions adopted by its membership.
In a released statement, Johnson continued: “This agreement looks to be ‘particularly bad’ for the Nation’s Ranchers. The beef export opportunities are ‘very modest.’ Japan included a ‘snapback provision’ that will allow them to ‘fully reinstate’ the current ‘high levels’ of tariffs ‘if it deems’ that beef imports are ‘hurting its’ Domestic Farmers. Japan’s protection, coupled with the ‘very generous access’ the U.S. gave the ‘rest’ of the world, will likely ‘push down’ domestic prices. While NFU will continue to analyze the text of the agreement, we ‘already know’ TPP includes’ no enforceable language’ to address currency manipulation, an ‘effective maneuver’ used by our competitors to ‘immediately tilt the playing field in their favor,’ even after signing an agreement of this scope and magnitude, having the potential to completely ‘wipe out’ any gains. Several of the countries that are ‘eager’ to ratify this agreement have recently ‘manipulated their currencies’ and ‘nothing is stopping them’ from doing this again. Additionally, the agreement ‘does not have’ the goal or the ability to reduce our ‘debilitating’ trade deficit. If we enter this agreement, our trade deficit, already exceeding ($500) billion per year, will ‘continue to rise’ – ‘not fall.’ This ‘enormous deficit’ will continue to ‘drag down’ our economy, export ‘even more’ U.S. jobs and ‘dash the hopes’ for coming generations. Given that this deal has been granted Fast Track Authority, there is ‘no alternative’ other than to ‘vote this down.’”
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