Conclusion
All indications are that the substantial increases in China’s agricultural purchases will continue and benefits will redound for years, if not decades, as U.S. farmers and ranchers continue to build strong connections with China’s consumers who can see for themselves that U.S. agricultural products are unmatched in quality and affordability.
America’s farmers and ranchers are the best in the world when it comes to producing safe, high quality foods and agricultural products. For too long, however, unfair trade practices by many of our trading partners prevented our farmers and ranchers from competing fairly and providing their great products to the rest of the world. This was especially the case with China. The Phase One Agreement marks a historic opportunity for U.S. agriculture. In just a few short months, the provisions in the Agreement have yielded a great harvest for our farmers and ranchers. The results are evident in the record sales to China for our farmers in a wide range of important products. Even more importantly, the required structural changes in the Phase One Agreement are being implemented, further opening one of the world’s biggest markets to U.S. farmers and ranchers. With the achievements in place already, and with more to come, the Phase One Agreement will benefit United States agriculture for years and decades in the future.
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