U.S. farmers and ranchers are actively seeking to enhance access in existing foreign markets like Canada, China, Japan, Mexico and South Korea, and gain access in new markets, e.g. re-entering the Trans-Pacific Partnership.
Efforts to improve U.S. agricultural trade include modernization of the North American Free Trade Agreement, re-negotiation of the U.S.-Korea Free Trade Agreement, agricultural concessions as a result of U.S.-China Comprehensive Economic Dialogue, and renewed interest by the White House in the countries that comprise Comprehensive and Progressive Agreement for Trans-Pacific Partnership, formerly known as the Trans-Pacific Partnership. CPTPP includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Additionally, in the U.S. there is interest in engaging with Japan – our fourth-largest agricultural trading partner – on a bilateral level.
