Celebration of re-opening
After a 13 years ban both sides celebrate the market re-opening for US beef in Beijing. Officials said beef is a big deal in China and celebrate the reintroduction of American beef products by slicing Nebraska prime rib at the ceremony.
USDA president Sonny Perdue was the highest ranking official beside Craig Oden from the National Cattlemen Beef Association and for the Chinese side Luong Richeng from COFCO.
President Trump, Commerce Secretary Wilbur Ross, Treasury Secretary Steven T. Mnuchin, officials with the U.S. Trade Representative, and Secretary Perdue announced the deal brokered with China to allow the return of U.S. beef to China in May. China has emerged as a major beef buyer in recent years, with imports increasing from $275 million in 2012 to $2.5 billion in 2016. The United States is the world’s largest beef producer and in 2016 was the world’s fourth-largest exporter, with global sales of more than $5.4 billion.