December 3, 2019
US pork could "singlehandedly" mitigate trade deficit with China
A zero-tariff access to China for US pork would significantly benefit US agriculture economically, a new analysis revealed.
Nick Giordano, the global government affairs vice president of the National Pork Producers Council, said a research by Dr. Dermot Hayes, an economist at Iowa State University, highlighted the opportunity China offers to US pork producers.
"The analysis shows that the Chinese really need pork and that if they direct their purchases our way, it's going to a boon not only for pork producers and the rural economy, but for the United States because pork alone can singlehandedly put a dent in the trade deficit with China," Giordano said.
He added that pork is a staple of the Chinese diet and a major element of the country's consumer price index.
Giordano also said the US pork sector is asking for zero tariffs on US pork for a minimum of five years to help China fill the gap. China has seen its swine production reduced by more than 50% due to the impact of African swine fever outbreaks.
- NAFB News Service