Riding out TPP roller coaster

Commodity groups look to consider costs of TPP as Obama is "cautiously optimistic" agreement could be considered and approved this year.

President Barack Obama last week said he would send the Trans-Pacific Partnership (TPP) agreement to Congress for a vote later this year, and he is “cautiously optimistic” that the agreement will actually be considered and approved.

The TPP deal, which encompasses 40% of the world’s economy, would be a win for U.S. farmers by reducing tariffs and, even more important, addressing non-tariff barriers and creating a platform for other countries to join in the modern trade agreement.

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