China Continues to Grow as a U.S. Ag Trade Partner
USDA opens new trade office in China.
Compiled by staff
Published: Sep 21, 2010
China has recently surpassed Japan and Mexico to become second leading importer of U.S. agricultural goods. USDA Under Secretary Jim Miller says the numbers have grown greatly since China joined the World Trade Organization in 2001.
"I believe we were doing about $2 billion in exports per year to China at that time," Miller said. "Now this year we will do in excess of $14 billion."
Miller and a delegation of officials have recently opened the fifth agricultural trade office in China. The new Agricultural Trade Office is in Shenyang, the capital of northwest China's international trade hub in Liaoning province. This Agricultural Trade Office on mainland China marks USDA's expansion into northeast China and represents a significant hallmark as the United States progresses from the major market centers of Beijing, Guangzhou and Shanghai, to up-and-coming emerging city markets like Shenyang and Chengdu.
"This is an are that we haven't been terribly active in, in the past," Miller said. "We're very optimistic that this is going to help spur additional trade of U.S. agricultural products into this region of the country."
Miller says the area looks to be an excellent market for pork, soybeans and specialty goods.
Permalink: Click here
Tagged: agricultural trade, usda, soybeans
|