China Not Planning to Adjust Grain Import Quotas Despite Plans to Increase US Ag Purchases, Chinese Official Says
China has no plans to adjust its import quotas for wheat, corn and rice despite an agreement with the U.S. to increase purchases of U.S. agricultural products (see 1912130035), according to an unofficial translation of a Jan. 7 report from…
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Caixin, a Chinese financial news site. Han Jun, China’s vice minister of agricultural and rural affairs, called the import quotas a “global” quota, and said China “will not adjust for one country,” according to the report. The comments come as China’s Commerce Ministry remains vague about its plans to purchase U.S. agricultural goods despite reports that China plans to issue tariff exemptions to importers of U.S. agricultural goods more frequently (see 1912170030). The U.S. and China plan to sign phase one of the agreement Jan. 15 (see 1912310010)