Daily Management Review

China Will Increase Import Of U.S. Agricultural Goods


02/03/2020


Market and consumers will be driving trade between China and the U.S.



China Will Increase Import Of U.S. Agricultural Goods
China is set to talk to American companies for increasing the “imports of U.S. goods and products” as per market principles, the said news came from an official. Moreover, the spokesperson of “National Development and Reform Commission” inChina, Meng Wei told in a press conference that the U.S. has set a high quality bar in its supply whether in “the fields of energy, manufactured goods, agricultural products, medical care”or “financial services” for that matter.
 
Over a period of two years, China plans of increasing its purchases of “U.S. goods and services” by “$200 billion” this will come in exchange for “the rolling back of some tariffs under an initial trade deal between the world’s two largest economies”. The said deal was signed by the “Chinese Vice Premier Liu He” and the President of the U.S. Donald Trump, while the former recently stated that the deal will not disturb the “third parties’ interests”, apparently referring to the deals that were finalised with other farm goods suppliers.
 
The import of “U.S. agricultural goods” by Chinese companies will be governed by three factors, namely “consumers’ need, and demand and supply in the market”, informed Liu.
 
 
References:
reuters.com







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