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World trade offers a huge opportunity for US pork producers past president of the National Pork Producers’ Council Don Butler said during the World Pork Expo in Des Moines, Iowa.
Last year the US exported $4.3 billion adding $38 to the value of each pig that was marketed, he said.
However, producers were still losing about $24 per head he added.
“For the industry to remain viable and prosper it needs to trade and the best way is through free trade agreements,” said Mr Butler.
He added that the NPPC is backing President Obama’s drive for exports and he called for the FTAs that are on file to be ratified immediately.
He said that through trade with Colombia and Panama a small amount would be added to the US pork producers’ income, but South Korea could at around $10 a head.
He said that studies have shown that the FTA with South Korea could add 9,000 jobs to the pork industry.
However, he warned that if the FTAs were not ratified, then the export markets might be lost for ever as other countries came in to take their place.
He said that Korea has an FTA with Chile and one pending with Europe, which both threatened US exports.
“If they are not ratifies, the US will lose money and jobs,” said Mr Butler.
He added that while the reopening of the Chinese market after a year long ban over H1N1 influenza, offered long term prospects for the US pork producers, South Korea offers strong medium term rewards if the FTA is ratified soon. |
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