Hong Kong Opportunities
Hong Kong is the fourth-largest market for U.S. food and beverage exports at the end of a year in which those exports grew by 15 percent, the fastest growth among all exports markets globally, according to a new report by the USDA.
The agency's Foreign Agricultural Service's Global Agricultural Information Network released the report in December 2009. It noted that the Hong Kong market is valued at (US)$1.4 billion, the beneficiary of a weakened U.S. dollar, which makes U.S. food products more competitively priced overseas.
Red meat and poultry are among the top prospects for export to Hong Kong; many of those exports are then re-exported to mainland China.
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