President Donald Trump won an important economic victory for farmers by getting the fiver-year ban on poultry entering China lifted. A ban that had been imposed by the Chinese communist regime.
“The United States welcomes China’s decision to finally lift its unwarranted ban on U.S. poultry and poultry products. This is great news for both America’s farmers and China’s consumers,” Trade Representative Robert Lighthizer announced on Nov. 14 on the Department of Agriculture’s website.
The announcement, made jointly with Agriculture Secretary Sonny Perdue, estimates that the country will export more than $1 billion worth of poultry and poultry products each year to China.
This commercial opportunity for the agricultural sector will facilitate the creation of thousands of jobs, which would mainly benefit the inhabitants of rural areas.
The importation of poultry products originating in the United States by China had been banned since January 2015, due to an outbreak of avian flu in 2014 that disappeared in 2017.
The lifting of the ban comes at a time of intense negotiations with China and is taken as a gesture of appeasement on the part of the Chinese communist regime.
Amid the ongoing frictions of the last year and a half this shows a significant decrease in an increasingly conciliatory environment.
On Oct. 11, the United States suspended tariff increases on $250 billion in Chinese imports, while the Chinese regime agreed to purchase between $40 billion and $50 billion in U.S. agricultural products.
The final trade agreement will be conducted in three stages and the first one is already being negotiated.
Recently on the U.S. stock market, shares rose to unprecedented levels, influencing market optimism generated by the cooling of trade tensions between the two nations.