Developing Market Growth Signals Increased Demand for US Agriculture, Says Froman
The U.S. is poised to build on record food and agricultural exports in fiscal year (FY) 2013 through Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership negotiations, along with non-tariff barrier fights at the World Trade Organization, said U.S. Trade…
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Representative Michael Froman in a July 24 speech at the White House Rural Opportunity Investment Conference. Agricultural exports reached $148.4 billion in FY13 (see 14040318). The U.S. is registering more export growth to developing markets than developed markets, said Froman. “They want more protein; they want a more diverse diet,” he said. “They want to make sure their food is safe and nutritious. All of that points to greater demand for U.S. agricultural products -- not just commodities, but also specialty foods, organic foods and processed products.”