Pick Your Poison The US-China Economic and Security Review Commission called on Congress to reconsider whether China should be receiving permanent normal trade relations (PNTR) status. MFN was granted in 1980 and PNTR was approved by Congress in 2001 – the latter subject to the President certifying that the PRC’s entry into the WTO was based on equivalence, instead of PNTR. The U.S. Department of Commerce has just issued notice that Russia is no longer considered a market economy. Instead, it operates under a system of cronyism and corruption. China is already categorized as a nonmarket economy since its domestic prices are not pervasively set by market forces. That is the appropriate status but Congress can debate whatever it...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.