Washington, DC (May 19, 2016) – Today, the Sweetener Users Association issued the following statement on the U.S. International Trade Commission (ITC) report on the Trans-Pacific Partnership (TPP).
“We welcome the release of the ITC report on the TPP, as it helps lay the groundwork for congressional consideration and approval of the agreement this year.
“The TPP is a comprehensive agreement with anticipated benefits spanning the U.S. economy. For America’s sweetener users, the TPP will provide additional market access for raw sugar from Australia and refined sugar from Canada, which will help address the systemic uncertainty in the U.S. sugar market caused by the U.S. sugar program.
“The report concludes that both imports and exports of sugar, sweeteners and sugar-containing products would increase by $130-132 million and that this would increase U.S. economic output by $518 million and boost employment in the sector by 0.4 percent.
“We look forward to continuing to review the report in greater detail in the coming days.”