A Nebraska Congressman is among those vetting the Trans Pacific Partnership.
Congressman Adrian Smith, a member of the House Ways and Means Committee, is helping to vet TPP.
Smith is convinced the trade agreement between the US and 11 other counties can benefit Nebraska, especially Nebraska agriculture.
“Trade is good and especially when 96% of the world’s population, the world’s customers, live outside our country,” Smith tells Nebraska reporters in a conference call. “We want access to those markets and given the efficiency of our economy, especially in agriculture, oftentimes this is certainly a win-win scenario.”
Smith is talking with business executives and constituents while poring over the thick document.
“So, we’re just working through all that. This is something we shouldn’t rush. We want to get it right,” Smith says.
The Obama Administration has released documentation about the Trans Pacific Partnership. The administration has pushed TPP and other trade agreements as avenues to injecting life into a lackluster economy. TPP is a wide-ranging agreement which seeks to lower trade barriers among the countries and ease restrictions for imports and exports.
It appears the agreement would benefit Nebraska agriculture. Its impact on other sectors of the economy is less certain.
Congress likely will consider TPP next year. Under a trade law approved earlier, Congress cannot amend the agreement. It either accepts it or rejects it.
AUDIO: Brent Martin reports [:45]