USSEC Response to China Announcement
On September 13, U.S. Trade Representative (USTR) Michael Froman informed China that the U.S. has launched a formal complaint at the World Trade Organization (WTO) over China’s price supports for corn, wheat and rice, saying they distort world markets and are costing U.S. farmers hundreds of millions of dollars.
If you receive questions about this news, USSEC is providing guidance to help frame discussions:
- China is a very important market for U.S. Soy and soy products. USSEC has 35 years of experience working in cooperation with Chinese organizations to develop a mutually beneficial trade relationship. Last year, nearly 25 percent of the U.S. Soy crop was exported to China, and China accounted for about 46 percent of total exports of U.S. Soy.
- USSEC remains a committed partner in sustainably and safely producing soybeans for China’s oilseed security. USSEC recently welcomed members of the Chinese soybean industry to the U.S. Soy Global Trade Exchange in Indianapolis. Additionally, two Chinese trade teams recently traveled in the Midwest to view the U.S. Soy crop.
If you have any questions or concerns, please feel free to reach out to USSEC Communications Manager Lisa Humphreys, USSEC Marketing Director – Market Access / Freedom to Operate Roz Leeck, or USSEC CEO Jim Sutter.