Last week, a major trade group pledged support to the Trans-Pacific Partnership trade deal. The National Foreign Trade Council vowed support for the TPP while saying it is encouraged by talks between lawmakers and the Obama administration aimed at making improvements to the TPP deal that will improve its chances of passage on Capitol Hill. The trade deal is gaining support from a large number of agriculture groups, as they say, the deal would substantially expand U.S. agriculture exports. The NFTC said the 12-nation TPP has the potential to serve as a major step forward in establishing rules-based global trade that will provide greater access to foreign markets. Other major groups such as the U.S. Chamber of Commerce and the National Association of Manufacturers have yet to take a stance on the trade deal. Earlier this month, the American Farm Bureau announced it supported the TPP, saying the deal promises to expand opportunities to some of the fastest growing markets around the world.
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