Keeping Up With Kim
Lt. Gov. Reynolds’ trade mission with the Iowa Soybean Association to China was a success
Lt. Governor Kim Reynolds traveled to China and Thailand with the Iowa Soybean Association (ISA) on a trade mission March 16-27. The trip was intended to reinforce relationships with important U.S. soybean buyers and develop new market opportunities for American farmers.
The trip occurred just a month after Chinese Vice President Xi Jinping’s visit to Iowa where he attended a series of meetings and the signing of the largest one-time soybean purchase. Lt. Gov. Reynolds had the chance to meet with Xi again while in China. Xi expressed the hope that Iowa and the ISA would continue to build deeper relationships with the sub-national governments.
China, as the world’s largest soybean importer, consumes one of every four rows of soybeans produced by Iowans. If the United States became China’s only source of soy, they would consume more than 70 percent of the nation’s three billion bushel soybean harvest.
While on the trade mission, the delegates shared their desire that their Chinese counterparts view Iowa and the United States as partners in their goals to improve food safety, security and sustainability. They found that the Chinese officials had the same goals and encouraged Iowa to join them in meeting these challenges all over the world.
Part of Iowa’s economic resilience is due to the state’s investment in nurturing global trade. By engaging the world, Iowa benefits by selling more agricultural commodities, farm equipment and value added products. With these benefits comes the responsibility to share the positive outcomes of strong bilateral relationships. Agriculture’s positive influence provides an example of what can be achieved when shared areas of need are addressed, despite the United States’ trade deficit with China.
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