U.S. Soybean Export

Paper Summary:

The paper describes the soybean and then focuses on the characteristics of the target market, that include the GNP per capita and the size of the market. The paper then provides a screening of the market that analyzes the need for soybeans in China, the exchange rate trends, import restrictions and price controls. The paper looks at strategies for exporting to China and concludes that a decision to export soybeans to China could result in beneficial outcomes, but only if the market characteristics are entirely respected.

Outline:
Introduction
Description of Product to be Exported
Characteristics of Target Market
Market Screening
Export Marketing Strategies
Conclusion

From the Paper:

"The United States represents the largest economy of the globe in terms of measured gross domestic product and China is the second largest global economy, in terms of the same measurements. The two countries have been trading for decades now. China is U.S.' fourth export partner and the second import partner in terms of traded quantities. For China, the United States represents the first export partner and the fourth import partner (Central Intelligence Agency, 2008). A new trading operation materializes in exporting soy beans from the U.S. to China."

Sample of Sources Used:

• Provance, P., March 2003, Production Estimates and Crop Assessment Division, Foreign Agricultural Service, http://151.121.3.140/pecad2/highlights/2003/04/chexp/index.htm last accessed on June 4, 2008
• Song, B., Marchant, M.A., Reed, M.R., Xu, S., 2007, Market Power and Competitive Analysis of China's Soybean Import Market, Contributed Paper Presentation for the International Agricultural Trade Research Consortium (IATRC) July 8-9th, 2007, Beijing, China, Retrieved from http://aede.osu.edu/programs/Anderson/trade/51Song.pdf on June 4, 2008
• Targowski, A., Korth, C., China or NAFTA: The World's Largest Market in the 21st Century? January 1, 2003, Advances in Competitiveness Research
• 1998, China, Island, http://islands.unep.ch/CEZ.htm last accessed on June 4, 2008
• August 25, 2006, American Farmers Afraid of Losing Soybean Market in China, Global Times, p. 15

More papers on U.S. Soybean Export:

• Essay # 67876 : "U.S. Trade Balance and Exchange Rate"
• Essay # 88201 : "NAFTA "
• Essay # 90467 : "NAFTA"

APA Citation:

MLA Citation: