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In the World of Trade, U.S. corn growers are a success story. Two
out of every three bushels of corn in the world export market originate
in the United States, and we account for more than 40 percent of
the total production worldwide. Our nearest competitor is Argentina,
which accounts for just over 16 percent of the corn sold in the
world export market.
While
U.S. corn growers presence is great, market domination is
not without its limitations. In 1994, Congress failed to renew the
Trade Promotion Authority (TPA). The president of the United States
has not had the adequate tools to negotiate new trade agreements
that could benefit the U.S. economy, agriculture and the U.S. corn
grower. The NCGA has worked to change that.
With TPA, the
president can negotiate international trade agreements that will
not only open more markets, but also increase choices and reduce
costs for American farmers, workers, consumers and businesses, while
reducing unfair subsidies by our competitors.
Without TPA,
the rest of the world is moving forward and signing trade deals
that exclude the United States For example, U.S. exporters are losing
business to Canadian firms in Chile because Canada has negotiated
a free-trade agreement with Chile. The United States has not. Of
the 130 preferential trade agreements in the world today, the United
States is party to only two. By reestablishing TPA, we are providing
the president the tools to open new markets and giving him the opportunity
to improve labor conditions and environmental standards around the
world. The presidents trade agenda includes a toolbox of
action items to help encourage countries to protect their environments
as well as improve labor standards, making trade free and fair.
In the World
of Trade, the United States fares very well. Con- sider the statistics:
Twelve million U.S. jobs depend on exports these jobs pay
13-18 percent more than other jobs; one in three U.S. farm acres
is planted for export and 25 percent of gross farm income comes
directly from exports; NAFTA and the Uruguay Roundtable trade agreements
have generated an additional $1,300 $2,000 in income for
the average American family of four. With the recent acceptance
of China into the WTO, U.S. corn growers now have fair access to
a market that contains 20 percent of the worlds population,
but only 7 percent of its arable land.

Leading U.S. Export Markets
Millions of Bushels

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