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Malaysia ratified the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) on Friday, September 30, 2022, becoming the ninth out of eleven countries to ratify the agreement.
On June 28, 2019, the European Union became the first major partner to strike a trade agreement with the Southern Common Market (or MERCOSUR) countries of Argentina, Brazil, Paraguay, and Uruguay.
The United States is the world’s largest producer of beef but it also imports more beef than any other country.
U.S. agricultural exports to South America nearly doubled in the past four years, reaching a record of more than $8 billion in calendar year 2014.