NPPC: Improved Pork Trade with China Can Lower Trade Deficit
Securing zero-tariff access to China for U.S. pork would be an economic boon for American agriculture, according to the National Pork Producers Council.
Based on an analysis by Iowa State University Economist Dermot Hayes, NPPC says unrestricted access to the Chinese chilled and frozen market would reduce the overall trade deficit with China by nearly six percent, and generate 184,000 new U.S. jobs in the next decade.
According to Dr. Hayes’ analysis, U.S. pork would generate $24.5 billion in sales if U.S. pork gained unrestricted access to the world’s largest pork-producing nation over ten years.
“The U.S. pork industry is missing out on an unprecedented sales opportunity in China when it most needs an affordable, safe and reliable supply of its favored protein,” according to NPPC President and Lillington, NC hog farmer David Herring.