Last updated on July 3rd, 2019 at 07:25 pm
On a trade mission to China, Gov. Scott Walker announced that the Ginseng Board of Wisconsin has signed an agreement with a Chinese medicine company to use the Trademark Seal on their purchases of Wisconsin ginseng from the Ginseng & Herb Coop over the next ten years.
The agreement was signed between the Ginseng Board of Wisconsin, the Ginseng & Herb Coop, and the Beijing medicine company, Tong Ren Tang (TRT) Health Pharmaceutical.
“This agreement is outstanding news for Wisconsin’s ginseng industry,” Walker said. “Renewing the contract between the Ginseng Board of Wisconsin, the Ginseng & Herb Coop, and TRT has the potential to bring in $150-$200 million in sales. I am proud that Wisconsin ginseng is being recognized around the world.”
Wisconsin produces virtually 100 percent of all cultivated American Ginseng in the United States. The Ginseng Board of Wisconsin brand is registered in several Asian countries, including China, Japan, Taiwan, Singapore, Malaysia and Hong Kong.
TRT’s brand dates back to 1649. The Wisconsin Ginseng industry dates back to the 1890s.