Abstract
China has a large population, so the supply of agricultural products is very essential, and agricultural trade plays an important role. According to the data from the United Nations’ commodity trade, the rate of agricultural products trade development between China and the United States is declining since 2012, and China has kept perennial trade disadvantage for a long period of time. In order to change the current trade situation, we must make in-depth analysis on the two countries’ agricultural products trade status and their characteristics, thus target to development of trade strategy. This paper first introduces the current imbalance situation of the agricultural trade between China and the United States, then analyzes the causes of trade imbalance and its impact. Finally, some relevant countermeasures are putting forward, such as expanding the scale of the economy and agriculture; narrowing the gap between international and domestic regions and improving the quality and safety of agricultural products.
Highlights
In recent years, the imbalance of agricultural products trade between Sino-US has become a major and sensitive issue in international trade
The main performances of trade imbalance between the two countries are as follows: Chinese exports of agricultural products to the United States are lower than imports, and the export of agricultural products has been restrained [3]
By examining the changes in agricultural products trade between China and the United States, it suggests that US exports of agricultural products to China have grown rapidly between 2006 and 2013, and the exports have increased from US $7.921 billion to US $28.832 billion, with a net increase of 2.65 times
Summary
The imbalance of agricultural products trade between Sino-US has become a major and sensitive issue in international trade. The main performances of trade imbalance between the two countries are as follows: Chinese exports of agricultural products to the United States are lower than imports, and the export of agricultural products has been restrained [3]. The factors that affect the export of agricultural products in China include economic level, resource endowment difference and exchange rate volatility and so on. Another more important factor is the United States implementation on technical barriers to Chinese agricultural products, so that China has a resource endowment advantage of agricultural products which cannot give full play to its comparative advantage [4]. We need to take targeted measures to solve these problems, to reverse the disadvantaged position of China in Sino-US agricultural trade
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