Wednesday, June 18, 2014

Canada second to U.S. in Chinese beef trade deal

Canada came out second to the United States in new trade agreements with China this week.

Agriculture Minister Gerry Ritz hailed the agreement that opens the Chinese market to bone-in beef from animals younger than 30 months and live cattle.

But within hours, U.S. Agriculture Secretary Tom Vilsack announced that the U.S. will have unrestricted access to Hong Kong for all beef products, no matter what age the animals are.

Hong Kong is, of course, now part of mainland China and offers market access to the entire nation.