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Economic Analysis on Trans Pacific Partnership Positive

Economic Analysis on Trans Pacific Partnership Positive

Photo: WNAX


Thursday, Nebraska Governor Pete Ricketts and leaders of many of the state’s agricultural groups called for passage of the Trans Pacific Partnership Trade Agreement. Ricketts says one of the major components of the TPP is the reduction in tariffs and its resulting benefits for Nebraska.

Ricketts says TPP also means more jobs for Nebraska’s economy.

The Nebraska Farm Bureau also did an economic analysis of the TPP using Nebraska’s top five commodities. Farm Bureau Senior Economist Jay Rempe says five counties emerged as the biggest winners and would experience more than $10 million in additional cash sale of ag commodities per year once the trade deal is fully enacted.

The Farm Bureau’s economic analysis also showed that virtually every county in the state would gain from passage of TPP.

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