Deere calls for US to sign TPP

09 Feb, 2016 07:07 AM
Comments
0
 

Equipment giant John Deere has called on the US Congress to ratify the Trans Pacific Partnership in order to boost the global economy.

Deere chairman and chief executive Samuel Allen said a strong US trade agenda would provide jobs for “American workers, farmers and businesses”.

He said the global marketplace was important to the company with nearly 40 per cent of revenues coming from sales outside the US and Canada.

With export stock from the company’s main factories in Iowa and Illinois accounting for up to a quarter of all production off the line at the plants, Deere can see an opportunity to build market share in TPP signatory countries which includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam.

Deere said the TPP would boost trade flows among all participants and strengthen global food security by improving efficiency in meeting food and feed needs as well as improving infrastructure across the Asia-Pacific region.

"TPP delivers transparent and consistent rules for our investments and freer trade for our products, both of which are increasingly more important as Deere's global footprint has grown," Mr Allen said.

"The agreement's provisions enhance the business environment in these important economies, making Congress's swift ratification of the agreement important to Deere and our customers."

FarmOnline
Tom McKenny

Tom McKenny

is the national machinery writer for Fairfax Agricultural Media

POST A COMMENT


Screen name *
Email address *
Remember me?
Comment *
 

COMMENTS

light grey arrow
Didn't anybody tell this clown Australian companies are buying rice from Asia to fill orders.
light grey arrow
US office closed after failure. Pacific and Russian offices both still operating and very much
light grey arrow
ARWA, GrainsWest, GrainsWest Plus, now Crop Research Institute (WA). By next year it will be