Trans-Pacific Partnership

The Trans-Pacific Partnership (TPP) is a high-quality, comprehensive free trade agreement that includes Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, Japan, and the United States. The agreement would reduce tariffs and other trade barriers, open foreign markets to U.S. goods and services, and establish robust, science-based rules for trade among countries representing 40% of global GDP. 

TPP will create thousands of new jobs and enhance the profitability of U.S. agricultural producers

  • The agriculture-related benefits of TPP are estimated to lead to more than 40,100 new U.S. jobs
  • Net agricultural exports are expected to increase $5.3 billion a year and net farm income is estimated to increase by $4.4 billion a year as a result of TPP
  • Eliminating tariffs and other trade barriers on U. S. agricultural exports to TPP-partner countries will increase trade for a range of U.S. agricultural products, including beef, pork, fruits and nuts, vegetables, soybeans, poultry, dairy, rice, cotton and processed food products

TPP establishes strong, science-based rules for trade that create a fair playing field for U.S. producers

  • TPP creates mechanisms to ensure TPP countries’ food safety, animal health, and plant health requirements are transparent, grounded in science, and risk-based—and are not used to unfairly exclude products from other TPP countries

Delay or inaction on TPP will put the economy and U.S. leadership in the Asian-Pacific market at risk

  • TPP is a vitally important opportunity for US agriculture to gain increased access to some of the world’s fastest-growing middle class economies. If the U.S. does not ratify TPP, other countries will pursue bilateral agreements that will permanently put U.S. products at a disadvantage
  • Even a one year delay in ratifying TPP will cost the U.S. economy $94 billion in permanent lost national income