The Comprehensive and Progressive Trans-Pacific Partnership entered into force in 2019 without the U.S. as a member. Although four years of trade data plus forecasting for an additional year do not provide sufficient confidence in any conclusions about CPTPP’s impact, and especially the U.S. absence from the agreement, there is a pattern. Australia’s overall primary agricultural exports have increased substantially since the agreement went into force, and while not by a large measure, Canada’s exports of the same commodities have increased more than that of the U.S. This analysis does not consider important impacts, such as each country’s competitiveness in specific commodities with or without better terms of trade...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.