AreaChina (Mainland)

Commodity GroupGrains

CommodityAll

Date15/01/2020

Policy CategoryTrade

Policy InstrumentTrade agreement

DescriptionSigned a wide-ranging Economic and Trade Agreement with the United States of America (USA). As part of the deal, China undertook to increase imports of US agricultural products (including cereals) by USD 32 billion from the 2017\'s USD 24 billion baseline over 2020 and 2021, subject to prevailing market conditions and commercial considerations.