What's the Background?
We are encouraged by the U.S. and U.K.’s mutual desire to negotiate a free trade agreement. However, any negotiation must ensure the elimination of all tariff and non-tariff barriers to trade like we have seen in previous U.S. FTAs. Trade agreements are vital to the continued success of the U.S. pork industry. Currently, the U.S. exports more pork to the 20 countries with which it has FTAs than to all other nations combined.
What Does it Matter to our Producers?
The United States over the past 10 years, on average, has been the top pork exporting country in the world; it is the globe’s lowest cost producer of pork. In any given year, the U.S. pork industry ships product to more than 100 countries. Exports added $50 — representing 36 percent of the $140 average value of a hog — to every U.S. hog marketed in 2016, when $5.9 billion of U.S. pork was exported.
The United Kingdom has a population of over 64 million people and pork consumption was 24.5 kg/per person in 2015. Unfettered U.K. market access would create a significant growth opportunity for U.S. pork producers.
What's NPPC's Position?
We support a stronger trade relationship with the United Kingdom. NPPC would support a U.S.- U.K. free trade agreement (FTA) if it is comprehensive and international standards are adopted.