UNITED STATES/CHINA: Economic and Trade Agreement Between The United States Of America and The People's Republic Of China Fact - Dairy and Infant Formula

摘要

The Phase One economic and trade agreement signed by the United States and China on January 15, 2020, will provide U.S. farmers and dairy companies expanded access to China's rapidly growing market for imported dairy and infant formula products. Market Overview: As incomes rise in China, consumption of animal proteins such as dairy products is becoming more popular among Chinese consumers. In particular, demand for imported dairy and infant formula products from abroad is growing at a rapid rate. However, in recent years, U.S. dairy and infant formula exports have been limited by restrictive Chinese regulatory requirements.