Vietnam
The deal, according to President Trump, allows the U.S. “total access” to Vietnam’s markets with a zero tariff on U.S. products exported to Vietnam.
Live pig prices in Vietnam have risen steadily since Typhoon Yagi and subsequent flooding affected several pig farms in the country, which has already been hit by African swine fever outbreaks in recent years.
The classification would have boosted exports and reduced tariffs on goods from country that is rising supply chain alternative to China.
Here’s what six years of crises has done to the Vietnam pork industry.
U.S. red meat suppliers met face-to-face with buyers from the Philippines and Vietnam, adding a personal connection between USMEF members and exporters with importers and processors.
Brazil’s largest producer of animal protein and largest exporter of poultry, BRF, was authorized by Vietnam to export pork from a Mato Grosso plant. It plans to double its shipments to the Asian country.
Vietnam’s pork production is on a rapid path to recovery after African swine fever decimated its herd in 2019. Although outbreaks continue to recur, most are sporadic, small-scale and quickly contained, USDA said.
Vietnam plans to sow genetically modified crops for the first time as demand for corn to fatten hogs expands in the country where pork consumption climbed 80 percent in the past decade.