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TPP Signed by 11 Participating Nations, Puts U.S. Wheat at a Trade Disadvantage

TPP Signed by 11 Participating Nations, Puts U.S. Wheat at a Trade Disadvantage

Photo: WNAX


The 11 remaining countries in the Trans Pacific Partnership are signing the trade pact today, without the U.S. Following that six of the countries must still ratify the deal. U.S. Wheat Associates and NAWG are concerned about the deal and want the U.S. to re-enter TPP. Steve Mercer with U.S. Wheat Associates says they’ve sent a letter to the U.S. Trade Representative to prioritize accession to TPP to save the Japanese market.

He says once TPP 11 is signed and ratification is completed later this year, U.S. wheat will become more expensive verses competitors.

Mercer says once TPP 11 is fully in place Japan will seek wheat from other markets and leave the U.S. out.

Mercer says once that market share with Japan is lost it’s very difficult to regain.

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