The United States and the European Union are in negotiations towards a comprehensive trade agreement, called the Transatlantic Trade and Investment Partnership (TTIP), to expand the world’s largest commercial relationship with $1 trillion of trade in goods and services annually and $3.7 trillion in two-way direct investment. U.S. agriculture is poised for growth in the European market. Last year, U.S. farmers and ranchers exported just under $13 billion to the EU, while the EU in turn exported $25 billion worth of agricultural products to the U.S. Farm Bureau supports leveling the playing field for U.S. agriculture in the European market and stands firmly against the EU's non-scientific agriculture trade barriers.
Negotiations between the U.S. and the EU are not expected to advance in 2017.
Farm Bureau policy for trade negotiation objectives:
- Include all agricultural products and policies in the negotiations
- Elimination of non-tariff trade barriers
- Ensure market access for biotechnology products
- Address issues concerning import sensitive products
- Opposition to the Precautionary Principle
- Opposition to the use of geographic indicators