It was a distinct honor for me to attend a formal state dinner at the Capitol to welcome China's Vice President, Xi Jinping, to Iowa. He previously visited Iowa in 1985 and was impressed with Iowans. His return trip was mixed with reminiscing with Gov. Branstad and also doing business in our state.
The Chinese delegation has signed contracts to purchase over $4 billion dollars of soybeans. This is very significant toward balancing our trade deficit. It is also important because their culture tends to do business with only people they have developed long term relationships. It may take years to get a sale of your product into Asian markets.
At our table I visited with Wong Lei who is the vice chairman of a seed company in China, that sells seed corn and rice throughout their country. At this time they are not using biotechnology in corn or rice. They have been visiting some of our seed companies.
Approximately 10 years ago I attended a meeting between Pioneer and a Chinese delegation trying to get Pioneer products into China. China is very protective of their companies. They will allow outside products into China as long as they do not have companies producing the same thing. If they do, they charge a rather high tariff to protect jobs and products in their country.
The United States could certainly learn from this practice. While it was great to sell soybeans to China, our country must adapt better trade policies to protect our companies and our citizens.
This week Lisa Tapper and students from Eagle Grove, members from Family, Career and Community Leaders of America visited the Capitol.
Contact Rep. Iverson, R-Clarion, at his office 515-281-3221 or weekends at his home 515-532-2660. Or email to email@example.com