Lincoln, Neb. (October 5, 2015) – Nebraska Pork Producers Association leadership expressed confidence that the Trans-Pacific Partnership (TPP) agreement negotiations concluded in Atlanta, GA will benefit all sectors of the U.S. economy and will provide enormous new market opportunities for high-quality American pork products and ultimately for Nebraska pork producers.
“I am very pleased that the TPP is moving forward and optimistic about the positive stimulus to the pork industry”, said Scott Spilker, President of Nebraska’s Pork Association, “pork farmers will potentially reach millions of new customers benefiting many sectors of the state and local economy”.
“The National Pork Producers Council played an active role throughout the five-plus years of negotiations,” said National Association President Dr. Ron Prestage, “providing U.S. negotiators with key information on barriers we face in the 11 other TPP countries and offering guidance on outcomes that would ensure substantial new market access benefits for U.S. pork in those markets.”
Iowa State University economist Dermot Hayes, who said a final TPP agreement could be “the most important commercial opportunity ever for U.S. pork producers,” estimated that a good outcome for pork in the trade pact could increase U.S. pork exports over time exponentially and help create more than 10,000 U.S. jobs tied to those exports. Last year, the U.S. pork industry shipped about $4.5 billion of products to the 11 TPP nations.
Last year, exports represented more than a quarter of total U.S. pork production and added more than $62 to the price pork producers received for each hog marketed. They also helped generate an estimated 110,000 pork-related U.S. jobs. The United States now exports more pork to its 20 free trade agreements (FTA) partners than to the rest of the world combined.