Yesterday, the Office of the U.S. Trade Representative (USTR) issued its notice of action and proposed action in the Section 301 investigation of China’s targeting of the maritime, logistics and shipbuilding sectors. The notice included targeted coverage that will allow most U.S. grain and co-product exports to continue without added costs on Chinese built, but not Chinese operated, bulk vessels.
“This decision, resulting from a year-long investigation and a bipartisan hearing, was made with the best interests of U.S. grain producers in mind and the Council thanks the USTR for moving to protect U.S. exporters and their trading partners abroad,” said Ryan LeGrand, USGC president and CEO.
“The Council has been in close contact with the USTR offering the perspective of the grain industry and stressing the importance of exports. I’m thankful the USTR requested feedback from key constituencies to formulate a better policy for everyone who will be impacted by the decision.”
These actions are intended to increase production of U.S.-built ships to stimulate domestic manufacturing while protecting U.S. importers and exporters from future risk by ensuring a strong, independent logistical network.
The Council will continue to work with the USTR on behalf of its members to advocate for the financial health of the U.S. agricultural industry through fair and dependable international trade relationships.
