ASA welcomes Soybean Free Trade Agreements momentum
(Posted on 01/11/18)
Trade negotiations are officially on the horizon with the European Union, Japan and the United Kingdom, continuing the momentum generated by a bilateral deal with South Korea (KORUS) and a renegotiated NAFTA agreement with Mexico and Canada, now the USMCA.
The American Soybean Association (ASA) has consistently requested a negotiated solution to the trade war with China and urged that exports lost to this key market be offset through new free trade agreements. ASA 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 as soon as mid-January will make a settlement with China a plausible next step, bringing an end to the devastating tariff imposed on American soybeans.
Concluding the USMCA and success with subsequent FTA 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 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. export 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.
If you talk to women in trading and risk management roles across Cargill, you will hear a range of ideas... Read more
Archer Daniels Midland Company and Cargill have successfully completed their transaction, formally launching... Read more
BHP has announced a US$6m equity investment in Carbon Engineering Ltd (CE), a Canadian-based company... Read more
RUSAL, a leading global aluminium producer, announces its results for the year ended 31 December 2018... Read more
EUBALTICA, the advisory and consultancy company for Morska Agencja Gdynia (MAG) in Poland has supplied... Read more
Bühler Insect Technology Solutions, a pioneering provider of integrated solutions for insect rearing... Read more
Rio Tinto has discovered copper-gold mineralisation at the Winu project in the Yeneena Basin of the... Read more
The NGFA joined 59 other farm and agribusiness groups in signing a letter urging the US Congress... Read more
While Greek livestock and feed markets are developing slowly, specific segments, notably poultry and... Read more
The Mineral Products Association has welcomed the publication of the latest UK Extractive Industries... Read more