Chinese companies reach new deals on US agricultural products: MOFCOM

15:51, August 01, 2019

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  Chinese enterprises purchase US agricultural products: MOC

  BEIJING, Aug. 1 (Xinhua) - Some Chinese firms, including both state-owned and private companies, have inquired with US suppliers about the new purchases of US farm produce including soybeans, cotton, pork and sorghum since July 19, the Ministry of Commerce (MOC) said Thursday.(File photo: VCG)Currently, a batch of deals have been made in line with market conditions, MOC spokesperson Gao Feng said at a news conference.The Chinese enterprises involved have applied for the lifting of additional tariffs on some of the US farm produce, and the Customs Tariff Commission of the State Council will handle their applications according to stipulated procedures.

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  Chinese enterprises halt new purchases of US agricultural products

  (Photo: Xinhua)BEIJING, Aug. 5 (Xinhua) -- China said it would temporarily not rule out the possibility of levying additional tariffs on imported US farm produce with deals made after Aug. 3, and related Chinese companies have halted purchases of US farm produce, according to the National Development and Reform Commission and the Ministry of Commerce Monday.The move came after the US plan to impose additional 10-percent tariffs on 300 billion US dollars worth of Chinese imports, which seriously violated the consensus reached by the two heads of state in Osaka.With a huge market, China is a promising destination for high-quality US agricultural products, official sources said, hoping that the US should earnestly implement the consensus reached in Osaka and be committed to fulfilling its promises to create necessary conditions for bilateral agricultural cooperation.

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  Chinese purchase of US agricultural products a goodwill gesture, also leverage

  The Xinhua News Agency learned Sunday from the National Development and Reform Commission and the Ministry of Commerce that Chinese importers have reached new deals with US enterprises on buying US agricultural products since July 19. Chinese businesses will keep making inquiries and increasing purchases.(File Photo: VCG)The China-US high-level trade consultations are to resume Tuesday in Shanghai. At this point, Chinas message of buying US agricultural products is clearly a sign of goodwill to the US. Shown by the Xinhua report, the Chinese government has also urged the US to take concrete measures to implement its commitments.To implement the consensus reached by the two state leaders at the Osaka summit, the two sides will restart high-level trade talks after over two months and make new efforts to resolve differences. In moving towards an agreement, both countries need to attach importance to each others major concerns and respond as positively as possible. Such goodwill gestures will help increase mutual trust and boost confidence and patience for both sides in overcoming difficulties in negotiations.Agricultural products issue is one of the core US concerns. Not only an essential item in trade talks, it is also a prominent leverage to ease the atmosphere. Chinas purchase of US agricultural products does not mean a concession in negotiations, but expresses evident goodwill. Whether China buys US agricultural products and the volume of Chinas purchases will exert an effective influence on the rhythm and direction of interactions between Beijing and Washington.China is the largest overseas market for US agricultural products. Whether China buys stably from US farms has greatly affected US agriculture and the fate of a large number of farms. On the other hand, Chinas market requires US agricultural products. Such imports have a positive significance in satisfying the Chinese peoples pursuit of a better life.But the trade war broke the...