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.
This month the European ARBAHEAT consortium will start a research project to investigate the conversion... Read more
UC Rusal, a leading global aluminium producer, has announced its results for the three and nine... Read more
BHP plans to return US$10.4 billion to its shareholders through the combination of an off-market buy... Read more
The non-binding heads of agreement, originally signed on 28 October 2016, for Chinalco to acquire Rio... Read more
The National Grain and Feed Association (NGFA) in the USA has testified at an Internal Revenue... Read more
Rio Tinto chief executive J-S Jacques said “We have delivered consistent operational performance... Read more
The World Coal Association (WCA) has launched a new report calling on the World Bank Group (WBG) to... Read more
BHP was an early adopter of drones across its mine sites. Now drones are taking flight at BHP’... Read more
thyssenkrupp Industrial Solutions, a leading partner for the engineering, construction and service of... Read more
Rio Tinto and Hancock Prospecting have opened a new mine at Hope Downs in the Pilbara, Western Australia... Read more