(Posted Fri. Oct 21st, 2011)

TradeOct. 21: President Obama signed three free trade agreements with South Korea, Colombia and Panama into law today, after their passage by Congress last week. These important agreements will allow our nation’s farm exports to remain competitive while supporting tens of thousands of jobs in the United States, the National Corn Growers Association said while applauding the president’s actions in signing these key pieces of legislation.


“During NCGA’s testimony to the House Agricultural Committee in May on these three agreements, we stressed that our nation’s farmers gain equal access to growing markets with the ratification of these agreements,” NCGA President Garry Niemeyer said. “This still holds true. We appreciate the efforts made by both the executive and legislative branches of our federal government to increase meaningful and achievable access to foreign markets. U.S. corn farmers stand ready to meet the growing global demand for corn.”


U.S. Secretary of Agriculture Tom Vilsack also released a statement praising the president and reinforcing the economic impact that these FTA’s will have upon the nation’s economy. "Farm exports help support more than 1 million American jobs,” said Vilsack. “This year and next, U.S. agricultural exports are on track to reach new highs, leading to a trade surplus of over $42 billion, eight times greater than five years ago. When implemented, these three agreements will increase farm exports by an additional $2.3 billion—supporting nearly 20,000 American jobs—by eliminating tariffs, removing barriers to trade and leveling the playing field for U.S. producers.”