Us China Agricultural Trade

Agricultural products are one of Vietnam’s most important exports, contributing considerably to the overall export turnover of the country. Vietnam’s agricultural exports are easily affected by external factors. It is overly dependent on the Chinese market, and its agricultural products do not as yet meet strict global standards. Challenges facing Vietnam’s export of fruits and vegetables to the Chinese market include technical barriers, long risk assessment periods, restrictions on products exported through official quotas to the Chinese market, and frequent changes in China’s policy on border crossings. The ongoing COVID-19 pandemic has underscored the importance of market diversification to this sector. To further develop its agricultural export sector, Vietnam needs to gather and consolidate information on import standards and guide its farmers on product quality requirements. Besides, efforts to gradually diversify its markets are essential for it to avoid being dependent on a small number of partners and markets. Vietnam’s participation in international organizations such as ASEAN, APEC, WTO, and AEC exemplifies its increasingly active efforts at seeking new development opportunities. The seventeen bilateral and multilateral free trade agreements which have been signed by Vietnam partly demonstrates efforts at achieving market diversification.

This title was first published in 2003. This prominent and commanding volume collates the best research available on China's agricultural trade. Critically analyzing the agricultural supply and demand factors that underlie trade patterns such as agricultural productivity and policy, it also explores China's agricultural trade and policy including implications for China and elsewhere. Long term issues and productivity growth are taken into consideration, as are specific issues such as WTO accession. The slate of authors combines the leading established scholars in the field and the best of the next generation, including those from China and the West.

Today's hearing on U.S. food and agricultural trade with China is our focus for the discussion. The aim is to assess how this trade relates to China's agricultural development and policy and the broader implication for U.S. producers and consumers. In 2010, China became the largest export market for U.S. agricultural goods. Last year's exports marked a record. While China has become America's top market for agricultural goods, all is not well in the relationship. China is not doing enough to follow the free trade and free market principles that were codified in its agreement to join the WTO in 2001.

This impressive study and analysis by Dr. Minghao Li and Dr. Wendong Zhang, entitled "Finding Firmer Ground" adds a significant analytical element to the effort to enhance the Sino - American relationship through increased “Agricultural Cooperation” here in the Heartland of America, the part of the United States that has such a long and illustrious history of leadership in building connections between the Chinese and American peoples.

Originally published in 1995, but with enduring relevance in a time of global population growth and food insecurity, when it was first published, this book attracted much global attention, and criticism from Beijing. It argued that even as water becomes scarcer in a land where 80% of the grain crop is irrigated, as per-acre yield gains are erased by the loss of agricultural land to industrialization, and as food production stagnates, China still increases its population by the equivalent of a new Beijing each year. This book predicts that in an integrated world economy, China’s rising food prices will become the world’s rising food prices. China’s land scarcity will come everyone’s land scarcity and water scarcity in China will affect the entire world. China’s dependence on massive imports, like the collapse of the world’s fisheries, will be a wake-up call that we are colliding with the earth’s capacity to feed us. Over time, Janet Larsen argued, China’s leaders came to ‘acknowledge how Who Will Feed China? changed their thinking..’ As China’s wealth increases, so do the dietary demands of its population. The increasing middle classes demand more grain-intensive meat and farmed fish. The issue of who will feed China has not gone away.

China's agricultural trade expanded rapidly following economic reforms and the open-door policy adopted in the late 1970s. The composition of agricultural trade with China follows its labor-abundant and land-scarce resource endowment with imports of bulk and processed intermediates and exports of consumer-ready and processed goods. Constraints on U.S.-China agricultural trade include tariffs, state trading, food security policies, and other nontariff barriers. Growth potential is based on China's fundamental demand forces including the world's largest population, a high real-income growth rate, an emerging urban middle class, and further trade reforms to be implemented through accession to the World Trade Organization.

China’s rapid rise as a leading global exporter of manufacturing goods since its accession to the WTO in 2001 has been the focus of both admiration and, increasingly, concern, but China is also a large importer of goods, particularly agricultural products. Since China's accession to the WTO, China agricultural exports have increased by 8 percent annually while imports have risen by almost twice that rate. China has become the world's largest importer of agricultural products and the first or second largest destination for many of the world's top agricultural exporters such as the US, Brazil, Australia, New Zealand, Canada and Argentina. This paper examines the evolution of China's agricultural trade since accession and discusses how agricultural trade policy and domestic support policies have evolved, with particularly emphasis on China's experience as complainant and respondent in WTO trade disputes.