BEIJING, July 2 (Xinhua) -- China is ready to work with the United States to create favorable conditions for two-way agricultural trade, a Ministry of Commerce spokesperson said on Thursday.

Responding to a question on whether China would reduce or cancel tariffs on U.S. agricultural products, spokesperson He Yadong said agricultural trade is an important part of China-U.S. economic and trade cooperation.

Following recent economic and trade consultations, the two sides have set guiding targets for expanding two-way agricultural trade and agreed in principle to include relevant agricultural products in arrangements under a reciprocal tariff-reduction framework, He said.

Companies will conduct trade independently in line with market principles and based on actual demand and market conditions, the spokesperson added.