Australia Touts Benefits of U.S. Rejoining TPP

In a Washington, D.C. speech Monday, an Australian trade official stressed the benefits of the U.S. rejoining the TPP.  Australian Ambassador to the U.S. Joe Hockey addressed the Washington International Trade Association Monday afternoon, and spoke on the need to engage with the Asia-Pacific region for security and economic reasons.

In prepared remarks, Hockey stated: "Having the United States return to the TPP in the future would represent a net positive for Australia and for the region's trade and investment growth prospects."

However, there is no indication of President Trump's intention, other than a consideration to rejoin TPP if the trade deal is reworked.  U.S. agriculture is no stranger to benefits of TPP.  The trade agreement would be a boon for U.S. agricultural exports at an estimated $4.4 billion increase per-year, according to the American Farm Bureau Federation.

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