Market Access Report: Agriculture, Food and Beverages

July 02, 2002 | BY

clpstaff &clp articles

Jones, Day, Reavis & PogueChinese consumers spent a whopping US$300 billion on food and beverages (F&B) in 2000, accounting for 43% of total consumer…

Jones, Day, Reavis & Pogue

Chinese consumers spent a whopping US$300 billion on food and beverages (F&B) in 2000, accounting for 43% of total consumer spending. Foreign agricultural products have made inroads into this massive market, with US soybean exports to China, for example, amounting to more than US$1 billion in 2001. And foreign invested F&B ventures are flourishing; Pepsi-Cola and Coca-Cola products now account for 49% of the entire carbonated beverage market in China. Now that China has joined the WTO, foreign F&B companies will find a more accessible Chinese market with lower tariff rates and a better investment environment.

Agricultural Products

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