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Hoosier State Today

Tuesday, November 26, 2024

Bipartisan group urges action on potential Colombian probe into U.S. corn subsidies

U.S. Senator Todd Young has spearheaded a bipartisan effort to address potential challenges facing American corn exports to Colombia. A letter was sent to U.S. Trade Representative Katherine Tai and U.S. Department of Agriculture Secretary Tom Vilsack, expressing concerns over reports that the Colombian government may investigate U.S. corn subsidies. Such an investigation could lead to actions undermining American farmers' competitiveness in a key export market.

The letter, co-led by Senator Michael Bennet and Representatives Adrian Smith and Dan Kildee, states: "We write to express concern regarding reports that the Government of Colombia is considering a subsidies investigation that could lead to countervailing measures on imports of U.S. corn."

Colombia ranks among the top five markets for U.S. corn exports, with over 4 million metric tons exported in 2023 alone, valued at $1.14 billion. The senators emphasized the importance of maintaining this market access, especially as access to Mexico, another significant market, is already uncertain.

"We urge you to raise these concerns with Colombian officials and ensure full alignment under our trade agreement," the letter concludes.

The letter also received support from several other senators and representatives across party lines, highlighting the broad concern over this issue.

In addition to outlining economic impacts on American farmers, the letter notes potential repercussions for Colombian livestock and poultry producers if trade restrictions are imposed: "Should Colombia pursue trade restrictive measures... their own livestock and poultry producers would likely face feed shortages."

The correspondence underscores the significance of avoiding arbitrary trade barriers between partners under the United States-Colombia Trade Promotion Agreement.

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