Permanent Normal Trade Relations
Why PNTR is Important to Pork Producers | U.S. pork producers support the extension
of Permanent Normal Trade Relations (PNTR) to China.
Professor Dermot Hayes, an Iowa State University economist, has projected that the Chinese market, if fully opened to U.S. pork variety meats, would add about $5 per head to each of the 100 million hogs that are slaughtered in the U.S. each year. China consumes approximately 50 percent of the pork consumed in the world each year. The Chinese market has the potential to be a great export opportunity for U.S. pork producers. While the Chinese do not ship pork to the United States, other Chinese products have had access to the U.S. market for about 20 years. This situation has created a significant trade deficit for our country. With the passage of PNTR and China’s entry into the World Trade Organization, the Chinese market would finally be open to American products, ending one-way trade with China. |
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