Can American agricultural equipment makers beat the surge of component and whole good equipment imports now flooding into America as a result of the burgeoning free trade movement? Imports from Mainland China, for example, have surged after that nation was allowed into the World Trade Organization and received Most Favored Nation status in 2001. As a result, Chinese exports of farm equipment and components (NAIC 333111) have jumped 297% to USD229,000,000 in 2003, up from USD57,700,000 in 2000, according to Department of Commerce reports. This flood of Chinese-made ag equipment has further damaged the US domestic industry which was already beset by heavy-hitting foreign competition from other Pacific Rim countries.
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