Ag News From The Nation's Only Full-Time Farm Station
With just over five months remaining in the Phase One Trade Agreement, the Peterson Institute for International Economics says the negotiated purchase of agricultural products from American producers is under the commitment made by the Chinese.
While global economic growth is expected following the COVID-induced recession of 2020, the speed of recovery is uncertain due to differences in how individual countries will manage economic response and recovery.
Prospects for a quick recovery in world trade have improved as merchandise trade expanded more rapidly than expected in the second half of last year.
After falling sharply during the global pandemic, world services trade appears to be in a recovery phase, according to the latest Services Trade Barometer from the World Trade Organization.
According to a recent report from USDA, agriculture trade through exports has increased 6.6 percent over the past year – reaching their highest levels since 2014.
Leaders of major agricultural and commodity groups recently met with the Biden Administration’s nominee for trade ambassador, Katherine Tai.
Though the World Trade Organization is facing some difficult days as the United States pushes for major reforms, leaders say a recent meeting of the Committee on Agriculture produced “meaningful” dialogue.
Trade in agricultural products has been more resilient than overall trade, according to a new report from the World Trade Organization.
The U.S. and China are seeing progress in the implementation of the Phase 1 trade agreement. During a six-month review this week, senior officials from both countries reaffirmed commitments to ensuring the agreement’s success.
