In this file:
· US pork industry calls for unrestricted access to China
· NPPC Pushes For Zero-Tariff Pork Access To China
US pork industry calls for unrestricted access to China
By Aidan Fortune, GlobalMeatNews
Zero-tariff access to China for US pork could create 184,000 new jobs and reduce trade deficit by nearly 6%, according to a leading economist.
Citing analysis by Dermot Hayes of Iowa State University, the National Pork Producers Council (NPPC) said unrestricted access would be an “economic boon for American agriculture and the country”.
“Were it not for China’s tariffs that are severely limiting access to American goods and other restrictions, including customs clearance delays, US pork could be an economic powerhouse, creating thousands of new jobs, expanding sales and dramatically slashing our nation’s trade deficit. China’s actions would unleash tremendous benefits to U.S. pork producers, our nation and Chinese consumers who rely on this essential protein,” said Hayes.
According to Hayes’ analysis, if US pork gained unrestricted access to China, it would generate $24.5bn over 10 years.
He explained that pork is a staple of the Chinese diet and a major element of the country’s consumer price index however its herd has been devastated by African Swine Fever, reducing domestic production by more than 50% and resulting in a mounting food price inflation challenge for the country.
To help highlight the urgency of the situation, the NPPC has launched a digital campaign on the issue of trade to China...
NPPC Pushes For Zero-Tariff Pork Access To China
By Ken Anderson, Brownfield
November 27, 2019
A new analysis shows how the U.S. pork industry and the U.S. economy would benefit if China were to eliminate all tariffs on U.S. pork imports.
“We knew the numbers were going to be big—but, wow, they’re staggering,” says Nick Giordano, who leads trade efforts for the National Pork Producers Council (NPPC). “If tariffs were zeroed out, within ten years, we would export almost 25 billion dollars a year in U.S. pork, and you would have pork also shave six percent off the U.S. trade deficit. There would also be 200-thousand new employees in the industry.”
The analysis was conducted by Iowa State University economist Dermot Hayes.
China currently has a 72 percent tariff on U.S. pork. Giordano says the pork industry is missing out on an unprecedented sales opportunity, which he says is very frustrating for producers.
“Our folks understand the complexity of the issues in negotiations with China. But it’s tough for them because they’ve really been hurt by trade retaliation and now they see the opportunity of a lifetime.”
Which is why NPPC wants the Trump Administration to push China for zero-tariff access for U.S. pork, Giordano says...
more, including audio [16:37 min.]