• Skip to primary navigation
  • Skip to main content
Texas and Southwestern Cattle Raisers Association

Texas and Southwestern Cattle Raisers Association

To Honor and Protect the Ranching Way of Life

  • Who We Are
    • Why Join
    • Leadership
    • Staff
    • Allied Members
    • FAQs
    • Newsroom
    • Sponsorships
    • Employment
  • What We Do
    • Theft and Law
    • Issues and Policy
    • Education
    • Young Cattle Raisers
    • The Cattleman Magazine
    • Cattle Raisers Insurance
    • Cattle Raisers Trading Co
  • Events
    • Cattle Raisers Convention
    • Summer Meeting
    • Policy Conference
    • Ranch Gatherings
    • Ranching 101
  • Membership Center
    • Membership Center Instructions
  • Join
  • Renew
  • Show Search
Hide Search

International Trade Commission report shows economic benefit of TPP

Source: National Cattlemen’s Beef Association
The U.S. International Trade Commission released its report May 18 on the economic benefit of the Trans-Pacific Partnership to the U.S. economy. National Cattlemen’s Beef Association (NCBA) President Tracy Brunner said this report confirms that TPP not only levels the playing field for U.S. beef exports, but also supports U.S. economic growth.
“Cattlemen and women worked closely with the administration through the U.S. Trade Representative to ensure TPP met the highest standards and lowered taxes and trade barriers in all member countries,” said Brunner. “We supported the conclusion of the agreement in Atlanta in October and have called on Congress to swiftly pass this agreement. This report clearly shows that TPP would not only lower the taxes on U.S. beef into critical markets like Japan and level the playing field with our competitors, it would provide a boon to the entire U.S. economy.”
According to the report, the TPP agreement would increase annual U.S. Gross Domestic Product by $42.7 billion and expand U.S. employment by close to 128,000 full-time equivalents by 2032 when the agreement is fully implemented. Moreover, the report estimates that ten years after full implementation those benefits would continue to grow, expanding U.S. GDP by $67 billion and employment by 174,000 FTE’s. For beef specifically, the Commission estimates that overall beef exports would be about $876 million higher once TPP is fully implemented and that it would have a moderate impact on U.S. beef imports.
“Cattle producers rely on foreign markets and international trade to grow demand for high quality U.S. beef,” said Brunner. “These markets add value to every head of cattle raised and fed in the United States. In order to compete with other global beef producing nations, we need the level playing field provided through TPP. U.S. producers have already lost more than $140 million in sales into Japan alone since 2015 due to their preferential trade agreement with Australia.”
Under the Japan-Australia Economic Partnership Agreement, Australian beef producers benefit from an 11 percent tax advantage on imports into that market. The USDA Economic Research Service estimates that without TPP, U.S. exports of beef to Japan will continue to decline by $105 million annually, or about eight percent. The TPP would immediately reduce the tax on U.S. beef and give Japanese consumers a choice in the retail market unbiased by price.
“The ITC report shows TPP will foster U.S. exports, grow U.S. jobs and spur economic growth,” said Brunner. “We continue to call on Congress to pass this agreement.”

Written by:
kristin
Published on:
May 19, 2016

Categories: General

Recent Posts

Texas crop progress and condition for July 6

July 5, 2022

While isolated areas of the Upper Coast received considerable rainfall, most of the state received …

Continue Reading about Texas crop progress and condition for July 6

Crime Watch: Equipment stolen near Wolfe City

July 5, 2022

Texas & Southwestern Cattle Raisers Association Special Ranger Robert Pemberton, District 11 in …

Continue Reading about Crime Watch: Equipment stolen near Wolfe City

Editorial: Recent cases highlight the importance of courts

July 5, 2022

by Brian McLaughlin As we celebrate America’s independence, it is a fitting time to recognize one …

Continue Reading about Editorial: Recent cases highlight the importance of courts

Footer

Who We Are

Why Join
Leadership
Staff
Allied Members
FAQs
Newsroom
Sponsorships
Employment

What We Do

Theft and Law
Issues and Policy
Education
Young Cattle Raisers
The Cattleman Magazine
Cattle Raisers Insurance
Cattle Raisers Trading Co.
Texas and Southwestern Cattle Raisers Association

Information

Cattle Raisers Blog
News Releases
Bereavements
Events
Media Kit
Tip Hotline
Get Involved
Links

Membership

Membership Center
Membership Center Instructions
Join
Renew
  • Email
  • Facebook
  • Instagram
  • Twitter
  • YouTube

PO BOX 101988
FORT WORTH, TX 76185

1-800-242-7820

© 2022 Texas and Southwestern Cattle Raisers Association; All Rights Reserved.

COPYRIGHT | PRIVACY POLICY | TERMS OF USE

We Live For This Land