By Jamie Martin
As American farmers face a $30 billion trade deficit amidst global competition, the urgency for a revitalized U.S. trade policy is undeniable.
To secure a sustainable future for agricultural exports, the U.S. administration and Congress are focusing on commercially meaningful negotiations and securing new trade agreements with key allies. These agreements are designed to open up foreign markets, promote international standards, and ensure compliance, crucial for maintaining an even playing field in both export and import markets.
Despite past successes, trade negotiations have slowed, allowing other nations, notably China, to dictate global trading terms. The U.S. must reengage in crafting global "rules of the road" to prevent falling behind in the international trade arena.
This includes addressing preferential trade agreements that can unlock new economic opportunities by improving access to open markets and facilitating rules-based trade.
The Farm Bureau actively engages with legislative and trade bodies to communicate the priorities and challenges of the farming community. This includes discussions on the U.S.-Canada-Mexico Agreement and addressing Mexico's biotech restrictions.
Additionally, AFBF President Duvall's upcoming participation at the Global Agri-Food Forum in Mexico underscores the commitment to discussing market opportunities and sustainability with international partners.
In the face of continuing low prices and competitive pressures, the U.S. is committed to leveraging its agricultural strengths to advocate for new rules-based trade agreements. These efforts aim to improve market opportunities and safeguard domestic agriculture, ensuring the prosperity of U.S. farmers and ranchers in an increasingly complex global market.
Photo Credit: american-farm-bureau-federation
Categories: National