Very interesting article that sheds light on Pork Potential...
Some people may not have seen this...Results of these meetings are a big key to profits.
April 22, 1999
Bereuter Says Pork Producers Would Benefit Most from China Trade Agreement; Concessions Are All On Chinese Side
Washington — Perhaps more than any other agricultural sector, America's pork producers will benefit from the trade agreements that the U.S. has entered with China, according to Representative Doug Bereuter. "For agriculture, especially pork, the news is overwhelmingly good," said Bereuter, who chairs the House Subcommittee on Asia and the Pacific. Bereuter had a private meeting with Chinese Premier Zhu Rongji in Washington on April 9, and on April 21 presided over a hearing on the state of U.S.-China relations and the results of the Zhu Rongji visit.
"The trade concessions that were proposed by China are particularly good for U.S. agriculture, both in the immediate short-term and in the long-term," Bereuter said. "All of the concessions are on the Chinese side. What we are gaining is market access. These proposals are totally oriented to market access for American made and American grown products to move into China. It is time for us to finalize this agreement."
At the April 21 hearing, National Pork Producers Council representative Nicholas Giordano described the market access concessions made by China as "sensational news for U.S. pork producers."
Giordano commended U.S. Trade Representative Barshefsky, Agriculture Secretary Glickman and Bereuter for their work on the agreement, saying, "Together, you have hit a grand slam home run giving U.S. pork producers access to the largest pork consuming market in the world."
The Pork Producers' representative added, "For us, and for most other sectors of U.S. agriculture ... the importance of consummating this deal with China and getting China quickly into the WTO (World Trade Organization) cannot be overstated.
"We do not deny that there are problems in the U.S. China relationship, Giordano said. "However, we do not see how walking away from these fantastic market access concessions negotiated with China would promote U.S. interests."
China consumes more pork per capita than the U.S. In fact, China consumes approximately 50 percent of the total pork annually consumed in the world, and most industry analysts project pork demand in China to increase by 6 to 7 percent per year in the early part of the next century
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