Home Forex Trading US agricultural secretary welcomes China's lifting of ban on US poultry products – ForexLive

US agricultural secretary welcomes China's lifting of ban on US poultry products – ForexLive

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Statement from US trade representative

The US trade representative is out with the statement saying that the US agricultural Sec. welcomes China’s lifting of the ban on US poultry products. 

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  • American farmers will now be able to export an estimated more than $1 billion worth of poultry products to China annually

The Pres. is looking for China to say that they agree to buying up to $50 billion in US soybeans, pork and other agricultural products annually. China does not want to put a numerical commitment in the text of the potential agreement. 

The $1 billion number cited for poultry seems kinda paltry…doesn’t it?

China is lookng for protein after a fatal hog disease killed millions of pigs (China loves pork).  However, China has had a 5 year ban on poultry imports from the US. So I guess it is a nice gesture. 

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