{"id":5032,"date":"2017-10-12T15:51:08","date_gmt":"2017-10-12T15:51:08","guid":{"rendered":"https:\/\/grains.org\/ltamex\/usgc-outlines-importance-of-trade-policy-in-audio-series\/"},"modified":"2018-02-21T02:50:48","modified_gmt":"2018-02-21T02:50:48","slug":"usgc-outlines-importance-of-trade-policy-in-audio-series","status":"publish","type":"post","link":"https:\/\/grains.org\/ltamex\/usgc-outlines-importance-of-trade-policy-in-audio-series\/","title":{"rendered":"USGC Outlines Importance Of Trade Policy In Audio Series"},"content":{"rendered":"
When trade policy works, the world wins. But how does trade policy happen?<\/p>\n
In a new, four-part audio series, the U.S. Grains Council (USGC) tackles this question as well as explaining why trade policy matters to U.S. agriculture, how trade negotiations work and why developing and expanding markets for U.S. coarse grains and co-products would not be possible without strong trade policy.<\/p>\n
\u201cWe always say that U.S. farmers are some of the most international of all the business people in the United States because of the global impact of what they do and what happens around the world that impacts them,\u201d said Tom Sleight, USGC president and chief executive officer, in one of the audio updates. \u201cAll of these things come together and have an impact on trade and prices, and farmers need to factor in all of these issues.\u201d<\/p>\n
As U.S. farmers continue to increase their own productivity, exports are ever-increasing in importance to the farm economy. Farmers need to find more demand for their bountiful harvests – and trade can help make that happen.<\/p>\n
\u201cThat is going to be the determining factor of if U.S. agriculture is going to remain competitive and financially viable in the future,\u201d said Floyd Gaibler, USGC director of trade and biotechnology, in another part of the audio series. \u201cIt really does come down to the fact that if we cannot continue to expand our ability to export, the continued growth and productivity of this sector will decline, which means less economic opportunity for the sector as a whole.\u201d<\/p>\n
<\/p>\n
In order to develop the markets that grow into long-term customers of U.S. agriculture, the market must first be accessible – and that requires trade policy work.<\/p>\n
\u201cIn terms of tariff or non-tariff trade barriers being broken down and removed, you have to have that market access to allow your products to compete in a marketplace,\u201d Sleight said. \u201cAnd so trade policy creates that market access that then allows you to go in and develop a market for the product.\u201d<\/p>\n
These trade policy discussions can involve single issues or larger trade agreements, like the North American Free Trade Agreement (NAFTA) negotiating round happening this week. Gaibler outlines in the audio series how these trade agreement negotiations happen – a long and laborious process, but one crucial to maintaining existing market access and creating new opportunities for U.S. agriculture and their international customers.<\/p>\n
\u201cThere are goals to try and have these\u00a0issues resolved as soon as possible, but in most cases, these are years-long processes,\u201d Gaibler said. \u201cIt is always a\u00a0difficult process\u00a0to get through because everybody has the same vested interest in trying to benefit their citizens and commerce in their respective countries.\u201d<\/p>\n
\u201cGood policy takes time and you have to work hard to achieve it.\u201d<\/p>\n
Learn more about how trade policy works in the Council\u2019s four-part audio series:<\/p>\n
When trade policy works, the world wins. But how does trade policy happen? In a new, four-part audio series, the U.S. Grains Council (USGC) tackles this question as well as explaining why trade policy matters to U.S. agriculture, how trade negotiations work and why developing and expanding markets for U.S. coarse grains and co-products would … <\/p>\n