Purchase of US farm products will be driven by demand and market competitiveness: US-China trade experts

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Purchase of US farm products will be driven by demand and market competitiveness: US-China trade experts
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BEIJING -The most immediate benefit for China of the 'phase one' trade deal - once it is signed - will likely be an expansion in its purchase of US agriculture products, such as pork, poultry and soybeans, say experts.. Read more at straitstimes.com.

BEIJING -The most immediate benefit for China of the"phase one" trade deal - once it is signed - will likely be an expansion in its purchase of US agriculture products, such as pork, poultry and soybeans, say experts.

"Chinese enterprises will import more competitive products and services from the US and other countries according to market and commercial principles," he said while in Ljubljana, Slovenia. That said, Beijing has indicated there is room for bilateral trade to recover, after being depressed for nearly 20 months following the imposition of tit-for-tat tariffs.

Apart increasing its supplies of pork, Beijing's efforts to stabilise the supply of live pigs after 1.1 million were culled this year will also boost demand for soybean, which is used in animal feed, said experts.

 

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