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Port of Oakland poised to benefit from trade pact with China on rice

From Customs Today:

The Port of Oakland believes a new trade pact with China will benefit its export business and provide more opportunities for truckers to haul rice to export overseas.

American rice exports could enter China as soon as 2018 after approval of a trade agreement last month. Port officials have said it is too soon to estimate how much business would increase, but they believe there will be a benefit because the Sacramento Valley is one of the largest rice-producing regions in the United States, and two-thirds of all containerized rice exports leave through Oakland.

The China trade deal comes as the U.S. dollar is softening against foreign currencies, which means that other countries can purchase American-made products at a cheaper price than in the past.

more at Customs Today


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