Detail

China (Mainland)

Oilseeds, oils and meals

Agricultural products, soybeans

01/02/2020

Trade

Comprehensive trade negotiations

In view of China’s pledge to scale up imports from the USA over the 2020–2021 period (see above), the Chinese Government invited importers to apply for exemptions from all the remaining retaliatory tariffs for US products. Eligible goods would include soybeans, other oilseeds and their derived products. In the case of soybeans, exempted importers would only pay the ‘most favoured nation’ tariff rate of 3 percent, which would put US soybeans on a par with soybeans from other origins.

UNITED STATES / CHINA – bilateral trade measures (China): On 18 February, in view of its pledge to scale up imports from the United States over the 2020–2021 period, the Government invited importers to apply for exemptions from the remaining retaliatory tariffs for US products – the most substantial tariff relief offered so far. Eligible goods include soybeans, other oilseeds and their derived products. In the case of soybeans, exempted importers would only pay the ‘most favoured nation’ tariff rate of 3%, which puts US soybeans on par with beans from other origins – allowing companies to submit their applications based on market conditions and commercial considerations. Applications including purchase amounts (in value) will be accepted from 2 March onward. All authorizations will be company specific and remain valid for one year.