Kentucky's State Agriculture Commissioner Ryan Quarles was joined by representatives of the Thoroughbred industry at a press conference Dec. 4 to hail a new trade agreement that lifted a ban on U.S. equine exports to China.
In an interview with the Lexington Herald-Leader, Quarles said that although the racing industry currently is “in its infancy” in China, he believes that now that trade is reopened, Chinese buyers will attend the equine sales in Kentucky to buy racing and breeding stock.
“The Chinese racing industry, like other countries, wants the best, and they know Kentucky as the Lamborghinis of horses,” Quarles told the Herald-Leader.
According to the article, Kentucky accounts for nearly two-thirds of overall U.S horse exports – about $200 million worth of horses each year.
“Imagine one planeload of thoroughbreds leaving central Kentucky after a sale headed toward China,” Quarles said. “That's going to be a multi-million-dollar economic impact off the bat.”
Read more in the Lexington Herald-Leader
New to the Paulick Report? Click here to sign up for our daily email newsletter to keep up on this and other stories happening in the Thoroughbred industry.
Copyright © 2018 Paulick Report.