The American Farm Bureau Federation urges the Biden administration to use the proposed Indo-Pacific Economic Framework (IPEF) to increase U.S. agricultural exports to the region. The AFBF issued a statement for today’s hearing in the House Ways and Means Committee, “The Biden Administration’s Trade Policy Agenda for 2022”, and tomorrow’s hearing in the Senate Finance Committee, “The President’s Trade Policy Agenda for 2022.”
American farmers and ranchers depend on export markets for more than 20% of agricultural production. While IPEF is a strong start in improving relations and concluding new agreements with the countries of the region, it should also include a strategy to create binding commitments and improve market access for agriculture through reduced tariffs.
“Trade is crucial to the current prosperity of American farmers and ranchers,” said AFBF President Zippy Duvall. “American agriculture depends on growing and stable export markets to succeed in their business.
“We need a continued focus from the administration on removing trade barriers for our agricultural products and expanding market access to U.S. goods worldwide, particularly in the Indo-Pacific region.”
AFBF also urges the Biden administration to:
- Build on relations with China, which were strengthened by the Phase 1 agreement between the United States and China;
- Resume US-UK trade negotiations to resolve non-science barriers to agricultural exports; and
- Work towards increased transparency in the World Trade Organization through an improved notification process.
While Congress is considering discussions with current and future trading partners, the AFBF urges lawmakers to consider how to most effectively expand agricultural exports for the benefit of U.S. farmers and ranchers.
Read the full opinion of the House Ways and Means Committee here.