MOFCOM: China Open to Boosting US Agricultural Purchases, but Reciprocal Tariff Cuts Must Come First

Deep News11-05

At a regular press conference held on November 5, Ministry of Commerce spokesperson Huang Ling responded to questions about imports of American agricultural products, stating that agricultural trade between China and the United States is an important part of bilateral economic and trade cooperation.

Expanding cooperation between the two countries in the agricultural sector can both enrich the dining tables of both peoples and provide stable economic income for enterprises and farmers in both countries, bringing tangible benefits to both sides.

China has always maintained an open attitude toward expanding purchases of American agricultural products, but the precondition is that the "30 billion versus 30 billion" reciprocal tariff reduction arrangement reached by both sides is implemented.

It is hoped that the US side will work together with China to create more favorable conditions for agricultural trade between the two countries by jointly lowering tariffs, reducing non-tariff barriers, and expanding market access.

Shenzhen Agricultural Power Group Co.,Ltd. (000061) is a relevant company in the agricultural products sector.

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