Industry News

TPP negotiations conclude

TPP negotiations conclude

Today, the twelve countries under the Trans Pacific Partnership announced agreement on a sweeping trade deal that encompasses everything from intellectual property to agricultural products, including rice.

For rice, text of the final agreement is expected to contain a country specific quota starting out at 50,000 MT, rising to 70,000 MT tons over 13 years.  The final text of the agreement will not be available for up to 30 days.

Japan media reports that a new category for medium grain rice for processing will be established under Japan’s current WTO import commitment.  The United States will reportedly receive 45,000 mt to 50,000 mt from this new category.  This development is not expected to appear in the final text.

The position of the industry regarding the adequacy of this agreement has yet to be determined. Following release of the final text, USA Rice will lead the industry discussion on our view of the final agreement and the position we transmit to Congress.

The USA Rice release is included below


 

FOR IMMEDIATE RELEASE
October 5, 2015

Contact:  Michael Klein
(703) 236-1458

USA Rice Statement on
Trans Pacific Partnership Agreement

ARLINGTON, VA — Trade Ministers from 12 countries, including the United States, announced in Atlanta this morning the conclusion of trade negotiations under the Trans Pacific Partnership.  USA Rice has been engaged with U.S. negotiators to improve market access for U.S. rice and we appreciate the substantial effort and work put in by U.S. negotiators.  As with previous TPP negotiating sessions and Ministerial meetings, USA Rice was represented in Atlanta by member leaders and staff who provided technical and policy guidance to U.S. negotiators.

Administration officials are now finalizing the documents making up the agreement which will be made available to the public.  USA Rice looks forward to reviewing these documents.  U.S. law requires that the TPP text be made available to the public sixty days prior to submission of the agreement to Congress for approval.

USA Rice also thanks Members of Congress and congressional leaders for their strong support and advocacy for an agreement that provides meaningful benefits for U.S. rice. Rice is nearly always a sensitive commodity in trade negotiations and the TPP was no exception.  USA Rice will continue to remain in close contact with Congress as we assess the agreement.

The 12 TPP partners are Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.

The USA Rice Federation is the global advocate for all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses.

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