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The Trans-Pacific Partnership (TPP) has invited Mexico and Canada to join its trade negotiations.
Currently TPP includes nine countries: Singapore, Brunei Darussalam, United States, New Zealand, Australia, Malaysia, Peru, Chile, and Vietnam.
The TPP negotiations encourage economic growth through trade among Pacific economies. The agreement will lead to employment growth as well as enhanced economic opportunity. It is estimated that every $1 billion in agricultural exports supports 9,000 jobs.
Cargill, which has existing investments in eight of the TPP countries, has welcomed the news.
“Cargill has supported the inclusion of Mexico and Canada in the TPP from the start. We also support Japan’s entry into the negotiations,” said Greg Page, Cargill Chairman and CEO. “We have believed all along that in order for the agreement to be commercially meaningful, TPP must include other significant trading partners, and we are pleased with the decision on Mexico and Canada’s entry.”
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What is the TPP?
UK production of wheat is forecast to fall to its lowest level in more than a decade, forcing imports of bread-quality grain, reports Reuters. England saw its wettest year on record on 2012, with high disease levels in arable crops and low wheat yields.
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Wheat. Español: Trigo. Français : Blé. Magyar: Búza. Tiếng Việt: Lúa mì. (Photo credit: Wikipedia) |
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