An American business group appealed to China on Tuesday to ease import restrictions on agricultural goods including genetically modified seeds and other biotechnology, highlighting complaints Beijing blocks market access despite its vocal support for free trade.
The American Chamber of Commerce in China wants a quicker review of foreign biotechnology products, an end to restrictions on beef imports and other changes. In a report, the group said that could improve the food supply for China’s consumers and create new opportunities for Chinese and foreign companies.
Chinese leaders have publicly defended free trade in response to US President Donald Trump’s promises to restrict imports. But Tuesday’s report was a reminder of enduring complaints China is the least open major economy.
In a separate segment of the food industry, foreign suppliers are alarmed by Chinese plans to require intensive inspections of imports including low-risk items such as chocolate. The US, the EU and other suppliers worry that could disrupt billions of dollars of trade and are lobbying Beijing to scale back its requirement.
In agriculture, the American chamber cited areas ranging from genetically modified seeds to grain processing in which imports and foreign competitors are banned or sharply restricted.
Source: Arab News
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: RajoyMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor