New Trade Deals In Southeast Asia Announced By USTR

Sunday, the U.S. Trade Representative’s Office (USTR) announced that agreements on reciprocal trade were reached with Cambodia and Malaysia, and frameworks for similar deals were secured with Thailand and Vietnam with the goal of eliminating trade barriers to further increase U.S. producers’ competitiveness.

The U.S. Grains & BioProducts Council (USGBC) issued the following statement in reaction to the announcement:

“The Council believes that when trade works, the world wins, and the steps USTR has taken to facilitate the movement of U.S. agricultural goods is a welcome sight for the entire industry. The Council looks forward to USTR’s continued efforts that will help reduce costs for consumers and drive demand for U.S. farmers and businesses.”