House Agriculture Committee examines foreign agricultural subsidies
Washington, October 21, 2015
Tags: Trade/Food Aid
Washington, D.C. - Today, the House Agriculture Committee held its second hearing to examine foreign agricultural subsidies. Members and witnesses discussed the trade-distorting effects of the ever increasing subsidies utilized by our foreign competitors, emphasized the resulting injury to American producers, and reaffirmed the need for sound U.S. farm policy as a modest response.
“In 2014, U.S. agriculture exports reached a record-setting $152.5 billion, highlighting the importance of expanded trade and strong trade agreements to U.S. agriculture. However, as China, India, and other foreign countries continue to ignore their WTO commitments, America’s farmers and ranchers suffer real and significant consequences. We cannot allow these actions by our foreign competitors to undermine our trade agenda and destroy American jobs, businesses, and our economy. By pushing back on bad actors and maintaining strong U.S. farm policy, we can give our farmers and ranchers a fighting chance in the global marketplace. I appreciate the perspective of our witnesses today who clearly outlined the harm that foreign subsidies are causing to U.S. agriculture,” said Chairman K. Michael Conaway.