APEC Agriculture and Trade: Asia-Pacific Economic Cooperation Region Buying More U.S. Consumer-Ready Food Products
by Sophia Huang
Agricultural Economic Report No. (AER-734) 66 pp, September 1996
In fiscal 1995, more than 60 percent of U.S. farm exports, worth a record $33 billion, went to Asia-Pacific Economic Cooperation (APEC) forum members. Bulk exports showed the most dramatic growth, benefiting greatly from China's conversion from a net grain exporter into a major net importer. Chinese imports are projected to increase further over the long term. Continued trade liberalization throughout APEC, rapid economic growth in its developing economies, and limited arable land in China and East Asia will ensure continued growth in U.S. farm exports to APEC markets—especially meat for East Asia and grains for China and Southeast Asia.
Keywords: APEC, ASEAN, NAFTA, China, Japan, Canada, Mexico, Chile, agricultural exports
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