CEO of Smithfield, Larry Pope, and the Honorable Matthew
Slaughter, professor and Faculty Director of the Center for Global Business and
Government at Dartmouth’s Tuck School of Business, supported the acquisition,
noting that the U.S. has much to gain through the increased exports of American
pork. Dr. Usha Haley, professor and director of the Robbins Center for Global
Business and Strategy, West Virginia University, and Mr. Daniel Slane,
Commissioner of the US-China Economic and Security Review Commission, U.S.
Chamber of Commerce, voiced concerns about how the precedent of a purchase of
this magnitude and kind would affect future acquisitions by China of U.S.
companies, particularly in the agricultural sector.
After testimony, the Senate Ag Committee Chair, Debbie
Stabenow, along with other committee members, questioned the experts as to the
potential benefits and concerns over the purchase of a U.S. food company by a
Chinese firm.
At least one commentator
has opined that the hearing was an effort to put pressure the Committee on
Foreign Investment in the U.S.
For Senator Stabenow’s opening statement and the prepared
testimony of the witnesses, please visit the U.S. Senate Committee on
Agriculture, Nutrition and Forestry’s website.
Written by Sarah Doyle - Research Assistant
The Agricultural Law Resource and Reference Center
@PSUAgLawCenter
July 11, 2013
Written by Sarah Doyle - Research Assistant
The Agricultural Law Resource and Reference Center
@PSUAgLawCenter
July 11, 2013
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