FOR IMMEDIATE RELEASE

Contact Institute for Liberty:  MEDIA@instituteforliberty.org

November 16, 2017 (Washington, DC)--  Today, the Institute for Liberty joined a group of eight organizations on a letter to Members of the United States Congress in support of suggested reforms to US trade policy.  The letter, created by the 60 Plus Association, draws attention to reforms being proposed by Rep. Ted Yoho (R-FL), specifically with regards to the global trade in sugar.  The letter says, in part:

"Global trading pressures make sugar one of the most volatile commodities in the world. Much of this volatility is the result of government subsidies to growers in other nations, which grossly distort the market. It is these market distortions that make the price of sugar and hundreds of other foods made with it unpredictable. H. Con. Res. 40 brings stability to the market and the prices paid for groceries on every aisle in the supermarket."

H. Con. Res. 40 is a legislative expression of the "zero-for-zero" concept, which calls upon the United States to recognize that before we, as a nation, unilaterally disarm when it comes to trade, that we enact policies reflecting the reality of how other nationa approach trade.  Institute for Liberty was pleased to join 60 Plus and the other organizations who jointly sent this letter to Capitol Hill.

The letter went on to say, "The Zero-for-Zero plan shifts support for farmers based on global trading partners following the lead of the United States, bringing true, free market reforms to the market by phasing out government interference around the world. Zero-for-Zero would better protect American farmers from market volatility and protect American consumers by bringing price stability for food."

The letter can be found HERE.

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