October 17, 2011
Smithfield Foods: FTAs a victory for US pork sector
C. Larry Pope, CEO and president of Smithfield Foods Inc., made a statement pronouncing free trade agreements with South Korea, Panama, and Columbia as victory for the US pork industry.
In response to the Congressional passage of the free trade agreements with South Korea, Panama, and Columbia, he said that Congress' passage of the long-stalled FTAs with South Korea, Panama, and Colombia is a major victory for the US economy, and in particular the American pork industry. As the CEO of the largest pork producer and processor in the world, he commends the leadership of Congress and the president for reaching a consensus. These FTAs have the potential to generate hundreds of millions of dollars in US pork exports in the coming years, while creating new jobs that their country desperately needs.
"Under the South Korea FTA, US pork exporters and others in the protein industry will be on a level playing field with our global competitors for the South Korean market. With USDA's estimates for meat and poultry exports to South Korea expected to increase by US$2.1 billion dollars annually, this FTA is an important tool in enabling Smithfield to fully leverage its potential in this important market."
"I am grateful for all the hard work of the Administration and Congress to realise passage of these agreements and look forward to working with our country's negotiators as they move toward implementation."
Smithfield Foods is a US$12 billion global food company and the world's largest pork processor and hog producer. In the US, the company is also the leader in numerous packaged meats categories with popular brands including Farmland, Smithfield, Eckrich, Armour and John Morrell. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental, and food safety and quality programmes.