BOOMING CHINA TO BECOME INCREASINGLY IMPORTANT FOOD EXPORT MARKET
May 1st, 2008
BY KEITH NUTHALL
A EUROPEAN Commission report has highlighted how China is expected to become an increasingly huge export market for food producers, already (in 2006) having a US$6.1 billion agricultural trade deficit.
With "imports are expected to grow faster than exports", this deficit (which includes non-food fibre crops) "is expected to grow over the next 10 years" financed by its huge trade surplus in manufactured non-food goods. The report highlights the food sectors likely to grow as export markets: "China is today the world's ...
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