Virginia Expands Overseas Trade

As part of a series of negotiations with customers in Japan, Virginia Governor Bob McDonnell recently announced an expansion of the Old Dominion State’s soybean trade with Japanese partners, an expansion that could help significantly expand the state’s economy and could help create badly needed jobs.
Despite major trade barriers (especially agricultural tariffs designed to protect Japan’s farm industry) Japan has always been a major US agricultural partner. As part of a trade and marketing mission to the Pacific nation, Governor McDonnell recently expanded this trade, reaching an agreement with major Japanese importers and food processors expanding Virginia’s exports of soybeans.
“New trade deals like this will help us build on our solid trade relationship with Japan and the all-time record $2.6 billion in agricultural exports from Virginia achieved last year.  I congratulate Montague [Farms] on this new sales agreement, which will have a positive impact on the company’s operations and employees on the Northern Neck and in southeastern Virginia. I’m also pleased that this new export deal will benefit a broad network of family farms that contract with Montague Farms to supply specialty soybeans,” McDonnell said in an interview.
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Written by: Justin Ellison / Farm Plus Staff Writer