The Obama administration on Friday signaled that it was considering a broad strategy of boosting investment in America’s agriculture sector, including increasing investments in the agribusiness industry and creating jobs.
The White House press secretary, Josh Earnest, said in a press briefing that the president is “committed to making sure that we’re building on the success of the agricultural sector in this country, which is one of the strongest in the world and has helped keep us out of the economic mire that we see all over the world.”
The president’s announcement comes as Chinese President Xi Jinping is due to visit the U.S. next week to discuss trade, which he is expected to highlight.
The president said in an interview last week that the United States must “do everything in our power” to encourage Chinese investment in U.K. agriculture.
“The U.N. General Assembly must take seriously the United Kingdom’s agricultural sector, and the United Nations must take heed of China’s strong agricultural policies and the U,S.
leadership in the international trade arena,” Earnest said.
“The president has said that he is very interested in meeting with Chinese President Jinping, and that the U’s agricultural investment should go beyond just the agri-food sector.”
The Chinese government announced last month that it had approved $1 billion in Chinese loans to American farmers in an effort to boost U.V. crops.
But a White House official said the administration was not yet sure how much of the money would be used to purchase U.T.
Vs and other tractors, which have been a majorstay of the U .
S. farming industry.
“We’re not sure what the impact of the Chinese investment would be,” the official said.