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Balanced Reporting. Trusted Insights.
Sunday, December 05, 2021
Nations continued to heatedly bicker and complain even in the last days leading up to what was supposed to be the summit for reforming international agricultural trading rules, but the postponement World Trade Organization’s 12th Ministerial Conference gives WTO countries more time to lay the groundwork for consensus.
In this opinion piece, Sharon Bomer Lauritsen with AgTrade Strategies LLC and Bart Fischer with Texas A&M University discuss their support of comprehensive agriculture negotiations at the World Trade Organization (WTO).
The House Ag Committee is slated to take up seven pieces of legislation today, including some priority issues for the top two members of the committee.
Canada is again using its national dairy pricing program to bolster exports, sidestepping commitments in the U.S.-Mexico-Canada Agreement, according to fresh allegations from the U.S. dairy sector. Canada is following the letter of USMCA, but not the spirit, U.S. industry officials say.
Some of the largest and most influential American farm groups are uniting to make their voices heard on reforming trade rules of the World Trade Organization as the institution prepares for its upcoming 12th Ministerial Conference.
Senate Democrats are proposing a tariff on carbon-intensive imports that critics say could increase farm production costs and invite retaliation by countries that would see the tax as unfairly protectionist.
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.
The U.S. was one of nine countries critical of the European Union last year when it unveiled a plan to tax imports based on their carbon footprint, but that was under the Trump administration. Now the Biden administration is signaling a stronger kinship to the EU’s push to reduce greenhouse gas emissions on an international scale.
Tom Vilsack is trying to reassure farmers and their allies in Congress that the Biden administration’s drive to address climate change will provide significant economic benefits without jeopardizing demand for biofuels.
The U.S. is ratcheting up its punishment on the European Union with new tariffs on French and German wine and other alcoholic beverages as both sides remain entrenched over aircraft subsidies.
