New agreement will allow US rice exports to China

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China has accepted to allow imports of rice from the US for the first time.

The agreement allots US farmers access to the world’s biggest rice consumer, with China meaning about 5 million tonnes last year.

It follows trade talks between the two homelands that resulted in little progress on other issues.

While China presented its rice market in 2001, a lack of protocols on pests and plant disabilities effectively stopped imports taking place.

Inspections

The organisation symbolizing the US rice industry said the new agreement was the most complex of its kind, and set austere standards for US exporters to protect against the introduction of certain pests to China.

USA Rice go on increased it would work with the US Department of Agriculture (USDA) to make assured the industry complied with the rules.

«We know China wants to send a combine here to inspect mills and facilities certified to ship to China, and we are developing with USDA to make that happen in the quickest and most operative way,» said Carl Brothers, chairman of the USA Rice International Trade Conduct Committee.

‘Exceptional opportunity’

US authorities and the industry have both bombarded the agreement as a huge win.

«This market represents an exceptional opportunity today, with gargantuan potential for growth in the future,» said US Agriculture Secretary Sonny Perdue.

According to OECD ridges, the average person in China will consume 75kg of rice a year by 2024, analogize resembled with an average of 13kg in North America and 5kg in Europe.

USA Rice said China consumes the commensurate of the entire US annual output every two weeks.

Steel progress?

Agriculture shows to be a bright spot in an otherwise thorny trade relationship between the two provinces.

The announcement follows a round of contentious trade talks in Washington that figured to end with little progress on tricky issues like China’s bite the bullet exports or its $347bn (£268bn) trade surplus with the US.

The two sides didn’t put out any joint statement following the talks, and cancelled scheduled press congresses.

The US has indicated that it might impose tariffs or quotas on Chinese inure, but since the talks wrapped up China has suggested that there was some mature on the issue.

Beijing’s embassy in Washington said the two sides «had in-depth powwow on cutting excess steel production capacity in the world and agreed to working and effective measures to jointly address this global issue».

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