Trans-Pacific Partnership Debate Over; Some WA Farmers Were Hopeful
When newly-elected President Trump ended the TPP on Monday, the possibility of over $243 million coming to some of Washington's farmers ended. The Trans-Pacific Partnership was a trade agreement between 12 nations that was designed to increase agriculture trade for the US by an estimated $4.4 billion, according to reports. Washington State agriculture alone was estimated to benefit with an increase of $243 million. The 12 nations that were a part of the TPP were the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.
Opponents of the TPP say that it could cost U.S. jobs in other sectors and said open the door for companies to sue governments for changing policies. Kennewick-based policy research director Madi Clark said she's disappointed because agriculture makes up 40 percent of Washington state jobs. Local ag associations are encouraged by talk of another trade deal.