After nearly five years of lingering in Washington, three trade deals are nearly done. They now await the President’s signature. Congress approved the trade pacts with South Korea, Panama and Colombia on Wednesday. The agreements would eventually lower or eliminate tariffs American exporters face in the three countries. Major Ag groups say the FTA’s will level the playing field against competing nations which have been gaining market share.
The livestock sector will also benefit. The National Pork Producers council says the deals will generate nearly 772 million dollars in new pork sales when the trade deals are fully implemented. The council says that’s about eleven dollars for each hog marketed by producers.