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Pork Group Supports Passage of Panama FTA
Panama -
The National Pork Producers Council says a
U.S. trade agreement with Panama will
provide new market opportunities for a wide
range of American agricultural products and
it will level the playing field for U.S.
pork producers and other food producers.
In testimony last week, NPPC President-Elect
Sam Carney told members of the Senate
Finance Committee that implementing the
trade agreement will not only level the
playing field but will also open to U.S.
pork producers, other agricultural sectors
and U.S. businesses a market of almost 3.4
million consumers.
U.S. pork exports to Panama currently are
restricted by a small quota and out-of-quota
duties as high as 80%. Under the Panama
Trade Promotion Agreement, U.S. pork variety
meats would receive immediate duty-free
treatment, and the trade deal would expand
market access for U.S. pork muscle meat
through tariff rate quotas. In 15 years,
when the agreement is fully implemented,
U.S. pork will have unlimited duty-free
access to the Panamanian market. |
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