Phase one implementation of the trade agreement between the U.S. and China is pressing forward. The most recent actions include growth for U.S. meat products. Both countries have agreed to allow U.S. poultry exports from unaffected regions in the case of a disease outbreak. With this U.S. poultry exports have the potential to exceed $1 billion per year, according to USDA. For the first time since 2003, U.S. beef producers will have access to the Chinese market for nearly all beef products. China has notified the U.S. of proposed maximum residue levels for three commonly used hormones in U.S. beef production. Also, U.S. pork producers will have expanded access for pork products shipped to China. China’s tariff exclusion process is in effect, and many importers are receiving tariff relief for U.S. food and agricultural products. The full list of recent actions is available here.
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