1. LINE

      Text:AAAPrint
      Economy

      U.S. beef heads back to China

      1
      2017-06-14 09:04Global Times Editor: Li Yan ECNS App Download

      Trade relations improve in line with 100-day action plan

      Final details have been put in place to allow the U.S. to begin beef exports to China for the first time since 2003, the U.S. Department of Agriculture (USDA) said on Monday (U.S. time).

      Beef and beef products exported to China must be derived from cattle that can be traceable to the birth farm in the U.S., according to a separate statement posted by the USDA on Monday.

      Also, U.S. beef shipments to China must come from cattle less than 30 months of age. Beef products exported to China should not contain growth-promoting substances, feed additives and other chemical compounds, according to the USDA.

      As part of the China-U.S. 100-day plan, "this final beef agreement shows positive signals of the bilateral trade relationship," Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Tuesday.

      The bilateral trade relationship is complicated, Bai noted, adding that it is not easy to resolve all the problems under the plan. But the beef deal will be a good template for other agreements under the 100-day plan, he said.

      During a meeting in the U.S. state of Florida in April, Chinese President Xi Jinping and U.S. President Donald Trump agreed to initiate a 100-day plan for economic cooperation, covering agriculture, financial services, investment and the energy sector, according to a report by the Xinhua News Agency on May 12.

      Under the plan, China will allow imports of U.S. beef and the U.S. will import poultry from China, said the report. The U.S. welcomes China and other partners to import liquefied natural gas and China will allow wholly foreign-owned financial service companies to provide credit ratings in China.

      Most of the agreements under the plan are expected to be implemented by July 16, said the report.

      In 2003, China banned beef imports from the U.S. to prevent the spread of mad cow disease. Before the ban took effect, about 70 percent of China's imported beef came from the U.S.

      "China increased beef imports in recent years due to growing demand as well as to protect the environment, because cattle breeding puts pressure on the grass and soil in some places," said Bai.

      China's beef imports reached $2.5 billion in 2016, compared with $275 million in 2012, according to the USDA data.

      Bilateral agricultural trade has been stable, and since 2001, the value of such trade has grown by an average of 15 percent annually, said a report released by China's Ministry of Commerce (MOFCOM) on May 25.

      As for the trade deficit, China runs "a surplus in merchandise trade but a deficit in services trade with the U.S.," Li Chang'an, a professor at the Department of Public Economics at the University of International Business and Economics, told the Global Times on Tuesday.

      To achieve a win-win outcome, China and the U.S. should strive to narrow the deficit and strengthen economic cooperation, said Li, adding that the U.S. should consider relaxing restrictions on high-technology exports to China.

      China has become an important overseas market for many products from the U.S., especially bulk agricultural products and advanced manufactured products, according to the MOFCOM report.

      The country will increase imports from the U.S. in sectors including agricultural products, energy and high-technology equipment, said the MOFCOM.

      Bilateral trade rose 21.1 percent year-on-year in the first five months to 1.51 trillion yuan ($222.18 billion), data from the General Administration of Customs of China showed.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲六月丁香婷婷综合| 久久亚洲国产成人影院| 亚洲性天天干天天摸| 亚洲中文字幕无码专区| 亚洲日本va在线视频观看| 亚洲第一永久在线观看| 亚洲国产精品99久久久久久| 污视频网站免费在线观看| 免费黄色电影在线观看| 国产成人免费高清激情视频| 亚洲国产午夜中文字幕精品黄网站 | 免费大黄网站在线看| 亚洲AV成人一区二区三区AV| 亚洲日韩精品无码专区加勒比☆| 91国内免费在线视频| 成人五级毛片免费播放| 伊人久久综在合线亚洲91| 亚洲乱码一二三四区乱码| 麻豆国产人免费人成免费视频| 亚洲精品成人片在线播放 | 亚洲人成电影网站免费| 亚洲熟妇无码AV在线播放| 中文字幕久精品免费视频| 亚洲成a人一区二区三区| 亚洲精品国产福利片| 成人免费一级毛片在线播放视频| 亚洲成av人在线观看网站| 亚洲欧洲国产成人综合在线观看| 好久久免费视频高清| 亚洲人成网站日本片| 亚洲免费视频在线观看| 国产免费131美女视频| 亚洲嫩草影院在线观看| 亚在线观看免费视频入口| www.亚洲成在线| 国产亚洲情侣一区二区无码AV| 最新亚洲人成无码网www电影| 福利免费观看午夜体检区| 黄色毛片免费观看| 国产成人免费手机在线观看视频 | 美女羞羞免费视频网站|