TITLE:
US Domestic Support Policy on China-US Animal Husbandry Trade
AUTHORS:
Xiujuan Wang, Jie Pan, Jilian Hu
KEYWORDS:
Animal Husbandry, Domestic Support, Fiscal Expenditure
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.8 No.12,
December
4,
2018
ABSTRACT: In recent
years, trade exchanges between China and the United States have become
increasingly frequent, especially in the
livestock industry, which has been the major trade product between the two
countries. By Comparing the production and trade between two countries, this
paper reviews the United States domestic support policies and analyzes the
impact of those policies and its counter benefits to China. Sino-US pork trade
has both comparative advantages and resources endowment advantages, which is in
great development potentials. Research finding shows that in the China-US
animal husbandry trade, China should moderate imports and use the international
market to regulate the supply of animal products, speed up the process of
moderate scale and enhance the competitiveness of the industry, improve
livestock subsidies to ensure domestic production capacity and guide
agricultural enterprises to invest abroad and promote Sino US cooperation in
animal husbandry industry. Finally, the author puts forward some suggestions
and countermeasures.