On Jan. 15, President Trump and Chinese Vice Premier Liu He signed the U.S.-China “Phase One” trade agreement. The Office of the U.S. Trade Representative (USTR) has posted the agreement text and related fact sheets online.
USMEF President and CEO Dan Halstrom issued this statement:
For the U.S. pork and beef industries to expand their business in China, the world’s largest and fastest-growing destination for imported red meat, it is critically important that China follows international standards for pork and beef trade. The Phase One trade agreement lays important groundwork toward this goal, and USMEF thanks the Trump administration for addressing the barriers that have hampered U.S. pork and beef exports to China for many years.
Last year China’s red meat imports exceeded $14 billion, a 65% increase from 2018. The U.S. industry looks forward to capturing a greater share of this rapidly growing market.
USMEF summarized key provisions of the agreement in the Jan. 17 edition of the USMEF Export Newsline.
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Updated January 17, 2020