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China is ready to lift duties on agricultural products from the United States
China can withdraw previously introduced high import duties on American agricultural products, to relieve the importers of the purchase of certain goods, the Agency reports Reuters with reference to representatives of the China chamber of Commerce for import and export of food products (CFNA).
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In particular, can be removed 25% duty on the import to China of soybeans and pork from the United States. Such measures, China plans to increase agroimport from the United States, following the agreement reached at the October talks. However, China wants the mutual withdrawal of import tariffs.

Earlier, U.S. President Donald trump said that China promised to increase the annual volume of procurement of agricultural products from the us $40-50 billion. the Representatives of China say that they plan to achieve this based on market conditions, and not being tied to specific rigid frames.

In 2017 (or before the beginning of trade wars between countries) the volume of American AgroExport in China reached $24 billion.

 

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Translated by service "Yandex.Translation"
Источники: Oilworld