Cargill supports continued progress on Trans Pacific Partnership negotiations
August 03, 2015
Washington, D.C. – Negotiators have made significant progress on the Trans Pacific Partnership, even as talks in Maui concluded without a finalized agreement. Cargill is confident that the 12 countries involved will work out their remaining differences and finalize a deal that promises major economic benefits.
“It’s not easy to get a dozen different nations to agree, but we’re closer than ever to a final deal,” said Cargill Vice President of Corporate Affairs Devry Boughner Vorwerk and co-chair of the U.S. Business Coalition for TPP. “There’s a lot at stake. Most importantly, TPP will allow food to move more freely across international borders, which is crucial to feed a growing world population.”
TPP is an agreement being negotiated by Pacific Rim countries that together represent 40 percent of the world economy, and would potentially be the largest free trade agreement in U.S. history. Cargill is a founding member of the U.S. Business Coalition for TPP, which is a broad-based and cross-sectoral group of U.S. companies and associations representing the principal sectors of the U.S. economy including agriculture, manufacturing, merchandising, processing, publishing, retailing and services.
Cargill supports TPP because international trade agreements support economic growth and development; lower costs for consumers; set important standards for labor and environmental regulations; and promote food security by allowing for the efficient production and distribution of agricultural and food products.