Despite supply chain restrictions and the economic downturn created by efforts to contain the COVID-19 pandemic, the U.S. exported $135.72 billion (US) of American agricultural products in 2020, a slight increase from 2019.1
While not generally credited as an agricultural powerhouse, the Commonwealth of Virginia is the twelfth-largest agricultural exporter in the U.S. and the largest on the East Coast. Agriculture and forestry are the first- and third-largest industries in the state, generating $91 billion (US) in annual economic impact.2
On March 30, 2021, Virginia Governor Ralph Northam welcomed USDA Secretary Tom Vilsack and other global leaders to the thirteenth-annual Virginia Governor’s Conference on Agricultural Trade for a discussion of the trade prospects for Virginia producers, and U.S. agriculture more broadly.
Secretary Vilsack complemented Virginia for having a diverse group of a-typical trading partners, including Switzerland and Morocco. He said this demonstrates two of the most important aspects of cultivating and expanding agricultural trade: presence and relationships.
Being on the ground and spending time with leaders in current and potential trading partner countries has several benefits, said the secretary. It provides market intelligence, providing U.S. producers insights into what consumers in these countries want and need. Building relationships with leaders is essential for good trade agreements, and particularly important in times of crisis.
The secretary also emphasized that trade is about more than business.
“Agricultural trade isn’t just about jobs and profits. It’s about showcasing the American brand of agriculture – innovative, safe, and sustainable,” said Vilsack.
The secretary concluded his remarks with reflections on trade priorities for the U.S. He spoke about the need to address the trade deficit with the European Union and the United Kingdom. Vilsack said he will encourage European leaders to open their markets to U.S. products and adopt science- and rule-based regulations.
Europe and the U.S. have a common vision for agriculture, he noted, but different ways of achieving it.
Other priorities outlined by the secretary are the upcoming expiration of the Trade Promotion Authority and the potential for re-engaging the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), formerly known as the Trans-Pacific Partnership, or TPP.
A recent report from the Supporters of Agricultural Research (SoAR) Foundation has found that investments in the CGIAR system yield a ten-to-one return on investment in low- and middle-income countries, with additional follow-on benefits impacting higher income and donor countries as well. Over the last 50 years of CGIAR’s operations, approximately $60 billion have been […]
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