USDA & USTR Say China Has Met 71% of 2020 Phase One Ag Purchase Target

On October 23rd, the Office of the United States Trade Representative (USTR) and the United States Department of Agriculture (USDA) released an Interim Report on the Economic and Trade Agreement between the United States of America and the People’s Republic of China. The report states, “Using the best methodology, we have calculated that China has purchased approximately 71 percent of its target for 2020. They have purchased $23.6 billion in agricultural products so far this year. This is substantially more than the base year of 2017, and should end up being our best year ever in sales to China. It is still to be seen whether they meet their target but particularly given the COVID-19 effects on the global economy they are making substantial progress. It is worth noting that the Phase One Agreement did not go into effect until February 14, 2020, and March is the first full month of its effect. That means that we have seen seven months of agreement sales.” See full report below.

Report here.

More Advocacy Issues

ACSA Update: The Week Ahead

July 14th, 2025

Please use the link below for a glance at the upcoming events for the week of July 14. Document here.

Read More
 

USDA’s Agricultural Marketing Service (AMS) Cotton & Tobacco Program (C&T) has announced the 2025-2026 rates it will charge for its cotton user-fee services. Details here.

Read More
 

ACSA, along with other agricultural groups, signed onto a letter endorsing Brian Quintenz to be chairman of the Commodity Futures Trading Commission. Letter here.

Read More
 

ACSA, along with other organizations, signed onto a letter in support of Dudley Hoskins’ nomination to be the Under Secretary of Agriculture for Marketing and Regulatory Programs (MRP). Letter here.

Read More
 

Request for Comment on Trading and Clearing Derivatives on a 24/7 Basis Request for Comment on Perpetual Derivatives

Read More
 

The U.S. agriculture industry is urging Congress to prioritize rural and agricultural transportation needs in the upcoming reauthorization of surface transportation programs. Key requests include timely reauthorization, increased investment in infrastructure, modernization of trucking regulations, and streamlining project approvals to improve efficiency, safety, and economic vitality in rural America. Letter here.

Read More