trade missaion

Ag Export Groups Support CREAATE Act

Dan Industry News Release, Trade

creaateMembers of the Coalition to Promote U.S. Agricultural Exports and the Agribusiness Coalition for Foreign Market Development welcomed introduction of House Resolution 2321 last week, the Cultivating Revitalization by Expanding American Agricultural Trade and Exports Act. The Act was introduced by Washington-State Republican Representative Dan Newhouse and Maine Democratic Representative Chellie (Shell-lee) Pingree. The coalitions say the CREAATE Act captures the “undeniable truth that international trade is crucial to America’s agricultural and rural economies,” and that expanding the Market Access Program, or MAP, and Foreign Market Development program, or FMD, will “provide the U.S. agricultural community with the tools needed to retain its edge in an increasingly competitive global economy.” The Act calls for phasing in additional annual funding for MAP to $400 million in fiscal year 2023, and additional annual funding for FMD to $69 million in fiscal year 2023.

From the National Association of Farm Broadcasting news service.