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© 2017 CHS Inc.
Agricultural Trade Outlook Sarah Gallo CHS Inc.
November 2, 2017 2
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AGRICULTURAL TRADE OUTLOOK
• Trade Statistics• Trade in the Trump Administration• Trade Agreements & Opportunities
•Established•Pending •Potential
• NAFTA• Trade Mission Areas
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AGRICULTURAL TRADE OUTLOOK
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With the productivity of U.S. agriculture growing faster than domestic demand, the U.S. food and agriculture industry—and the rural communities that depend
on it—relies heavily on export markets to sustain prices and revenues.
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TRADE STATISTICS
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TRADE STATISTICS
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TRADE IN THE TRUMP ADMINISTRATION
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The overarching purpose of our trade policy – the guiding principle behind all of our actions in this key area – will be to expand trade in a way that is freer and fairer for all Americans.
Every action we take with respect to trade will be designed to increase our economic growth, promote job creation in the United States, promote reciprocity with our trading partners, strengthen our manufacturing base and our ability to defend ourselves, and expand our
agricultural and services industry exports. As a general matter, we believe that these goals can be best accomplished by focusing on bilateral negotiations rather than multilateral
negotiations – and by renegotiating and revising trade agreements when our goals are not being met.
2017 Trade Policy Agenda, Office of the United States Trade Representative, March 2017
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TRADE AGREEMENTS
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TRADE AGREEMENTS
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FTA AgreementDate Entered into
ForceIsrael FTA 1/1/85Canada FTA/NAFTA 1/1/89Mexico - NAFTA 1/1/94Jordan FTA 1/1/02Singapore FTA 1/1/04Chile FTA 1/1/04Australia FTA 1/1/05El Salvador -CAFTA 3/1/06Honduras - CAFTA 4/1/06Nicaragua - CAFTA 4/1/06Guatemala - CAFTA 7/1/06Morocco FTA 1/1/06Bahrain FTA 8/1/06Dominican Rep. 3/1/07Costa Rica - CAFTA 1/1/09Oman 1/1/09Peru FTA 2/1/09Korea 3/15/12Colombia 5/12/12Panama 10/31/12
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TRADE AGREEMENTS AND OPPORTUNITIES
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ESTABLISHED PENDING POTENTIAL TERMINATED
KORUS TTIP JAPAN TPP
NAFTA INDIA
CUBA
CHINA
ASIA-PACIFIC
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NAFTA
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2017 Bloomberg L.P.
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NAFTA
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U.S. Food and Agriculture Dialogue for TradeNorth America Priorities
• Maintaining and expanding upon current market access, tariff concessions and other provisions that have enabled economic integration and supported farm income.
• Improving regulatory coherence and cooperation
• Enhancing intellectual property rights
• Maintaining or improving upon protections for investments by way of the dispute-settlement processes and rules including those governing antidumping and countervailing duties
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NAFTA
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NAFTA 2.0 RED FLAGS
• Seasonal Produce Trade Remedy Provision • Dispute Settlement/Investment • Government Procurement• Sunset Proposal• WITHDRAWAL: Maybe we will, maybe we won’t…
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AGENCIES FOCUSED ON AGRICULTURAL TRADE
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QUESTIONS
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