International Trade Forum:International Trade Forum:...

United StatesDepartment ofAgriculture

ForeignAgriculturalgService

International Trade Forum:International Trade Forum: Outlook and Opportunities

Janet NuzumAssociate Administrator

Foreign Agricultural Service, USDAf dwww.fas.usda.gov

[email protected]



• US food and agricultural exports are strongUS food and agricultural exports are strong and growing

• In calendar 2010 -- an all-time high of nearly• In calendar 2010 -- an all-time high of nearly $116 billion, an 18% increase over 2009 Top Three Markets in 2010• Top Three Markets in 2010– China ($17.5 billion in sales)

– Canada ($16.9 billion in sales)

– Mexico ($14.6 billion in sales)Mexico ($14.6 billion in sales)


ForeignAgricultural

Record U.S. Ag Exportsg

Service

g pHigher prices for grains, soybeans, and cotton combined with

reduced competition and strong demand lead to record exports

$110$120$130

115.3

126.5

$80$90

$100

$

97.6 85.5

$50$60$70

Bill

ion

ExportsImports

41.0

62.0

$10$20$30$40

Trade Surplus

36

2329.7

$0$10

'89 '91 '93 '95 '97 '99 '01 '03 '05 '07 '09 '11fRecords



• Frozen Food Exports in Fiscal Year 2010Frozen Food Exports in Fiscal Year 2010– U.S. exported over $11 billion of frozen food

d tproducts

– 50-percent increase since 2006

– Top markets for US products are Japan, Canada, Europe and MexicoEurope and Mexico

– Top export products are red meat, poultry, fish, and fruits and vegetablesand fruits and vegetables



• National Export Initiative (NEI)National Export Initiative (NEI)– Goal: Double total U.S. exports by end of 2014,

supporting 2 million additional American jobspp g j– Strategy: unified USG focus on five key areas:

• Improving trade advocacy and export promotion effortsImproving trade advocacy and export promotion efforts

• Increasing access to credit

• Removing trade barriersRemoving trade barriers

• Enforcing trade rules

• Pursuing policies at the global level to promote strongPursuing policies at the global level to promote strong, sustainable, and balanced growth



• Removing trade barriers through market-Removing trade barriers through market-opening negotiations and agreements are key to achieving NEI goalskey to achieving NEI goals

– Korea-US FTA

– Colombia-US FTA

Panama US FTA– Panama-US FTA

– Trans-Pacific Partnership

– CAFTA-DR



• Korea - US Trade Agreement (KORUS)Korea US Trade Agreement (KORUS)– Korea is currently the 5th largest export market for

U.S. food and ag productsU S ood a d ag p oduc s

– Under KORUS, almost 2/3 of Korean imports of U.S. farm products will immediately become duty-freep y y

• Elimination of tariffs on frozen potato fries

• Elimination of 54 percent tariff on frozen orange juiceElimination of 54 percent tariff on frozen orange juice

– U.S. food and ag exports to Korea expected to increase by at least $1.9 billion upon implementationy $ p p



• Colombia – US FTAColombia US FTA– More than half of U.S. farm product exports

would immediately become duty freewould immediately become duty free– Colombia would eliminate duties on a variety

of US frozen foods from vegetables to fruitsof US frozen foods from vegetables to fruits– U.S. food and ag exports to Colombia

expected to increase by at least $690 millionexpected to increase by at least $690 million upon implementation



• Panama – US FTAPanama US FTA– Eliminate duties on nearly 68 percent of current U.S.

exports, including many processed productsp , g y p p• Eliminate tariffs immediately on nearly all frozen and

processed vegetables

• Tariffs on most remaining agricultural products phased-out within 15 yearsd

P id i di t d t f ithi– Provide immediate duty-free access within a preferential TRQ for frozen precooked French fries that will start at 3,640 tons and grow by 4-percent

heach year



• Trans-Pacific Partnership (TPP)p ( )– Platform for economic integration across the Asia-

Pacific region. In addition to the US, TPP countries i l d A t li d N Z l d B i M l iinclude Australia and New Zealand; Brunei, Malaysia, Singapore, and Vietnam; Chile and PeruU S agricultural exports to our 8 TPP partners totaled– U.S. agricultural exports to our 8 TPP partners totaled $3.6 billion in 2010

– Negotiations cover a number of topics of key interest g p yincluding market access, sanitary and phytosanitary(SPS) measures, technical barriers to trade (TBT), rules of origin, and capacity buildingg , p y g



• CAFTA-DR– The Dominican Republic-Central America-United States Free

Trade Agreement (CAFTA-DR) –includes the countries of El Salvador Guatemala Honduras Nicaragua Costa Rica andSalvador, Guatemala, Honduras, Nicaragua, Costa Rica, and the Dominican Republic

– In 2010, U.S. agricultural exports to the six CAFTA-DR partners totaled $3 5 billion an increase of nearly 85 percent from pretotaled $3.5 billion, an increase of nearly 85- percent from pre-agreement 2005 levels

– The value of U.S. exports of consumer-oriented products to the CAFTA DR t i th d bl d th i d 2005 tCAFTA-DR countries more than doubled over the period 2005 to 2010, rising from a level of $422 million to reach $929 million



• NEI and ResourcesNEI and Resources– This Administration’s commitment to increasing

US exports thereby creating greater economicUS exports, thereby creating greater economic opportunities and increased jobs throughout the US economy, is reflected in the President’s FY 2012 budget request just submitted to Congress2012 budget request just submitted to Congress

– USDA’s FY 2012 budget proposal for FAS fully funds all the export promotion programs includingfunds all the export promotion programs, including MAP, and also includes an additional $20 million specifically for the National Export Initiative



Working together with organizationsWorking together with organizations like Food Export, industry

associations like AFFI, farm and assoc at o s e , a a dcommodity groups, the states, and others, USDA is actively supporting , y pp g

expanded opportunities for international trade in markets

around the world.THANK YOU!THANK YOU!

Date post:	29-Mar-2018
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