Transatlantic Trade and Investment Partnership
What’s the Background?
The European Union, with 450 million mostly affluent consumers, is the second largest pork consuming market in the world. Yet U.S. pork sales to the EU are lower than they are to small countries such as Honduras. Current sanitary-phytosanitary restrictions and tariff barriers have resulted in U.S. pork exports to the EU amounting to less than 0.05 percent of EU pork consumption. In the absence of those tariff and non-tariff barriers, however, the EU would be one of the largest markets in the world for U.S. pork exports.
Why Does It Matter to Our Producers?
Exports add significantly to the bottom line of all U.S. pork producers. U.S. pork exports have grown tremendously because of free trade agreements that remove obstacles to exports. Elimination through TTIP of the EU’s tariff and non-tariff barriers on U.S. pork would result in billions of dollars in new pork exports to Europe.
What is NPPC’s position?
NPPC supports the Transatlantic Trade and Investment Partnership (TTIP) negotiations between the United States and the European Union and recognizes the enormous potential for increased trade that a TTIP agreement would have for U.S. pork producers. But NPPC’s support for a final TTIP deal is dependent on the EU providing full access to its pork market. As it advocated in the 20 free trade agreements the United States previously concluded, NPPC will accept in TTIP nothing less than elimination of all tariff and non-tariff barriers on pork.