Bob Stallman, president, American Farm Bureau Federation, released the following statement regarding President Obama’s submission of the three free-trade agreements:

“The American Farm Bureau Federation is pleased that President Obama has sent implementing legislation to Congress today to ratify three bilateral free-trade agreements between the United States and Korea, Colombia and Panama. America’s farmers and ranchers have much at stake and the fact these three agreements are moving forward is very good news for our economy.”

“Now that the administration has done its part, it’s up to Congress to expedite this matter. It is vital that this process move forward to ensure the agreements will be put in place as soon as possible so we can restore a level playing field for U.S. exports to these three nations. Without these agreements, over the last four years, Korea, Colombia and Panama have opened their doors to our competitors. A further delay will provide more benefits to our competitors at the expense of our economy.”

“Combined, the three FTAs represent nearly $2.5 billion in new agriculture exports and would create the economic growth that could generate support for up to 22,500 U.S. jobs. These gains will only be realized if the three agreements are passed by Congress and implemented.”

Source: AFBF