Reaching agreement on the Trans-Pacific Partnership is only the first step in opening trade to a number of nations, according to a Nebraska Congressman.
Congressman Adrian Smith says Nebraska exports a lot of beef and pork to Asia.
“We stand to see even better exports to Asia with this agreement,” Smith tells Nebraska Radio Network.
Smith says he wants to read the details of the Trans-Pacific Partnership before rendering judgment.
He will have time.
The TPP agreement likely won’t come before Congress until next year, perhaps February at the earliest under Smith’s estimation.
It will take a while to digest. This trade agreement is a broad one. It encompasses 12 countries, the United States and 11 others. Most of the attention has focused on the Pacific Rim countries, which includes Japan, Singapore, and Malaysia. Australia, New Zealand, even Vietnam are part of the agreement. It also reaches across the Atlantic to take in Canada, Mexico, Chile, and Peru.
Nebraska could benefit greatly, though the agreement has raised concerns and has its critics worried it might undermine American worker pay.
Nebraska exports goods and services to all of the countries involved, primarily agricultural goods, especially meat.
Smith says he will take time to study the agreement and talk with others about it. He’s most eager to read the section on Japan, which has been somewhat protectionist in agriculture.
“In terms with how trade policy with Japan would change; we know that they are a big economy and that we want to get more U.S. products in to that economy.”
AUDIO: Brent Martin reports [:45]