The American Meat Institute, the American Feed Industry Association and the National Corn Growers Association announced their approval of the recent U.S. free trade agreements with Korea, Colombia and Panama, with the expectation that the FTAs will have a positive impact on domestic agriculture.

“Congress’ passage of long-stalled free trade agreements with South Korea, Panama and Colombia is a major victory for America’s agricultural sector, our meat and poultry industry and our economy,” said J. Patrick Boyle, AMI president and CEO.

NCGA President Garry Niemeyer said it has been frustrating to see other nations achieve access to markets over U.S. corn and corn products and that he is pleased to see action was taken on Panama, as well and Korea and Colombia.

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“Our farmers and ranchers are ready to level the playing field by creating American products on American soil,” said AFIA president and CEO Joel G. Newman said.

It is estimated that full implementation of the Korean, Colombian and Panamanian FTAs would represent an additional $2.3 billion in exports and create approximately 29,500 jobs in the U.S.