Items Tagged with 'RCEP'

The Biden administration’s proposed Indo Pacific Economic Framework, an effort to strengthen economic ties and improve trading conditions with countries like India, the Philippines and Vietnam, got some praise during a Tuesday Senate hearing, but much of the time was spent discussing what it would not accomplish - new market access for U.S. ag.

The U.S. sold about $20 million worth of peanuts to Japanese importers last year, but the American Peanut Council expects that American farmers will be able to sell a lot more in the coming years now that they have a tariff advantage over the Chinese.

Lawmakers, lobbyists and farm groups are anxious for the Biden administration to take its first concrete steps to begin negotiating international trade agreements and reform at the World Trade Organization to improve international access for U.S. goods as well as rein in China’s expanding global influence.

For a look at how the new Biden Administration will address key trade issues, the California Almond Board turned to two key industry leaders were very involved in the Obama administration when Joe Biden served as vice president.

China is celebrating the signing of what will be the world’s largest trade pact, which includes 15 countries representing 30% of global GDP, pushing international trade to the forefront as President-elect Joe Biden prepares to take office in January.