Fischer welcomes trade negotiations with Japan, European Union, United Kingdom

By On October 20, 2018

Fischer welcomes trade negotiations with Japan, European Union, United Kingdom

Sen. Deb Fischer, R-Neb., a member of the Senate Agriculture Committee, said last week that the Trump administration recently notified Congress of its intention to negotiate trade agreements with Japan, the European Union and the United Kingdom.

Fischer said that’s good news for Nebraska farmers. “Opening up new markets for Nebraska producers is the best way to ensure they can prosper,” she said.

Fischer said she is optimistic that Trump and the administration will make good deals for our ag

producers and manu-

facturers.

She said Japan is the third largest market for Nebraska ag products.

“It represents Nebraska’s largest export market for beef, pork and eggs; the second largest export market for corn and wheat; and the third largest export market for soybeans,” Fischer said.

The European Union is Nebraska’s fif th largest agricultural export market. “The United Kingdom is an important market for Nebraska manufactured agricultural and construction machinery, as well as oilseeds and other grains,” Fischer said.

The American Soybean Association also welcomed the news on the administration’s trade intentions. ASA said the announcement is continuing the momentum generated by a bilateral deal with South Korea (KORUS) and a renegotiated NAFTA agreement with Mexico and Canada, now the USMCA.

ASA said it is hopeful that the administration’s formal notice to Congress that it will enter trade negotiations with the European Union, Japan and the United Kingdom â€" as soon as mid-January â€" will make a settlement with China a plausible next step, bringing an end to the devastating tariff imposed on American soybeans.

The soybean growers organization said trade negotiations with Japan, the EU and other countries would mean opportunities to potentially increase U.S. soy and livestock product exports to other promising markets, including the Philippines.

ASA said it is encouraging the administration to consider adding Vietnam and Indonesia to its list of potential negotiating targets.

“Knowing, however, that increased sales to these markets won’t offset lost U.S. exports to China, ASA continues to emphasize the need to reach an agreement that rescinds the current tariffs and allows soy growers to begin to restore this vital, number one export market,” the organization said.

Robert Pore

Reporter

I cover business, ag and general reporting for the GI Independent.

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