Are Competitors' Free Trade Agreements Putting U.S. Agricultural Exporters at a Disadvantage?
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The growing number of free trade agreements among U.S. competitors has prompted questions about whether U.S. agricultural exporters may lose a share of the global market. ERS research shows that the recently created ASEAN-China and ASEANAustralia/ New Zealand free trade agreements are likely to have modest adverse impacts on U.S. agricultural exports. The Mercosur-Colombia free trade agreement has reduced U.S. agricultural exports to Colombia; U.S. grain sellers face increasingly stiff competition due to preferential tariffs granted to Mercosur exporters.