The U.S. faces high tariff and nontariff barriers to trade in many foreign markets.
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As President Obama’s state visit to Japan approaches, the pending Trans-Pacific Partnership is top of mind for many in the agricultural sector, including five meat and poultry organizations that sent a letter to the White House thanking the administration for the “strong stance” it’s taken in TPP negotiations with regard to eliminating tariffs on agricultural products.
The White House’s top trade priority for 2014 is concluding TPP negotiations, which could boost annual U.S. exports by $124 billion. According to the 2014 President’s Trade Policy Agenda, the U.S. faces high tariff and nontariff barriers to trade in many foreign markets. “That’s why it’s critical for the United States to continue to pursue an ambitious trade agenda in 2014 that eliminates trade barriers, increasing our exports to the world, supporting jobs, and strengthening our economy,” the administration’s agenda document said.