TPP will immediately reduce foreign taxes in the form of tariffs on U.S. beef and level the playing field across the member nations. Beef demand in the Pacific Rim is often for specialty meats and offal that aren’t as valued here at home; adding value to these cuts, hides and tallow.
TPP will eliminate foreign taxes in the form of tariffs on the vast majority of U.S. exports of food and agricultural products, making U.S. products more price competitive and increasing exports. According to the US Trade Representative’s office, TPP will grow U.S. exports by $123.5 billion per year and support an additional 650,000 U.S. jobs.
According to the USDA’s Economic Research Service each dollar of agricultural exports in 2013 produced an additional $1.22 in business activity. Agricultural exports in 2013 required 1,094,400 full-time civilian jobs including 793,900 jobs in the non-farm sector.
TPP does not undermine the strict guidelines enforced by USDA’s Food Safety Inspection Service. In order to sell beef in the United States other countries must go through a rigorous scientific approval process by FSIS.
The U.S. is already one of the most open markets in the world, with open trade based on sound science. Under NAFTA and other agreements, major TPP beef producing countries already have duty-free access to our markets. Imported beef is combined with trim from U.S. beef to meet our domestic demand for ground beef. TPP further opens new markets for high quality cuts and variety meats.