Dear USCBC members,
As supply chains, shipping, and the lockdown continue to put pressure on the entire food and agriculture sector, China has been taking steps to increase control over domestic food supply and security. I am happy to provide further detail, so do not hesitate to reach out with any comments or questions.
Best,
Jackson Nemeth Manager, Business Advisory Services US-China Business Council | 美中贸易全国委员会 [email protected]Food Updates | ...
Dear USCBC members,
As you will read below, the United States saw record numbers in ag exports to China last year, but with all of the turbulence we see in the news recently, such as the lockdown in Shanghai, conflict in Ukraine, and other geopolitical tensions, it is difficult to say whether or not this positive trend will continue in 2022.
I am happy to provide further detail, so do not hesitate to reach out with any comments or questions.
Best,
Jackson Nemeth...By Jackson Nemeth
On February 22, 2022, the Communist Party of China (CPC) Central Committee and the State Council released the Opinions of the Central Committee of the Communist Party of China (CPC) and the State Council on the Key Work of Promoting Rural Revitalization in 2022, also known as the No. 1 Central Document 2022. The annual document outlines China’s goals regarding the “three rural” areas of development: agriculture and food, rural economy and infrastructure, and rural...
Dear USCBC members,
Over the past few months, the Chinese government released a slew of 14th Five-Year Plans (FYPs) relating to agriculture. On the US side, there have been brief mentions of a new policy direction for the United States post-Phase One, which would target the Indo-Pacific region multilaterally, rather than being focused just on China.
I am happy to provide further detail, so do not hesitate to reach out with any comments or questions.
Best,
Jackson...Dear USCBC members,
There have been several developments in trade policy regarding the agriculture and food industry as we approach the end of 2021; most notably, Phase One being in its final weeks and China’s General Administration of Customs (GACC) Decrees 248 and 249, which will enter into effect January 1, 2022. This update covers these developments as well as domestic regulatory changes, current import and export figures, and other agriculture-related topics such as biotech and...
Dear USCBC members,
This agriculture and food safety update will focus on developments related to China’s fulfillment of Phase One commitments and product-specific information, Chinese policy and positioning, as well as notable changes in import/export policy. Despite strengthening its domestic production capabilities for many products, China has largely fulfilled its Phase One agricultural commitments by continuing to update lists of approved US facilities for exports.
China...
Dear USCBC members interested in Agriculture and Food Safety,
In the past few months industry analysts have noted a steady stream of US agriculture exports to China, but a slight lull in implementation of US-China Phase One trade deal commitments.
China continues to increase purchases of US beef following a ban implemented earlier this year on beef imported from Australia. Meanwhile, following a record-breaking year for US corn exports to China, USDA’s Foreign Agricultural...
Nearly 100 days into the Biden administration, the US-China Phase One Trade Agreement remains “under review.” On the campaign trail, Biden indicated that he did not support the use of sweeping tariffs and recognized their economic costs but has not committed to removing them. Likewise, Chinese regulators have not signaled policy changes to exclusions for products covered by Phase One.
While China’s performance on other purchase targets like energy and manufactured goods was less...
Dear USCBC members following agriculture and food safety:
Over the past few months, trade tensions have continued to escalate with additional tariffs imposed on both sides. The US agricultural sector has been hit particularly hard, with Chinese retaliatory tariffs on $75 billion in goods adding further tariffs on many products already subject to higher duties.
The cycle of negotiations and escalations has made agricultural trade particularly unpredictable, with tariff waivers...
Dear USCBC members following agriculture and food safety:
Tariff escalation between the US and China is continuing to affect trade in billions of dollars of agricultural products. On May 13, in response to a US tariff hike, China increased tariffs on $60 billion of US goods which include a number of agricultural products. On the same day, China announced that it would be establishing a process to exclude certain products from tariffs on US imports, signaling that they are preparing to...
Dear USCBC members following agriculture and food safety:
As part of USCBC’s regular monitoring of government and press sources in both English and Chinese, we collected a number of recent policy and news developments related to agriculture and food safety.
The ongoing US-China trade negotiations continue to leave a shroud of uncertainty over bilateral agricultural trade, which remains crippled by steep tariffs. Talks are reported to cover large purchases of...
Dear USCBC members following agriculture and food safety:
As part of USCBC’s regular monitoring of government and press sources in both English and Chinese, we collected a number of recent policy and news developments related to agriculture and food safety. In US-China agriculture trade, the meeting between the US and Chinese presidents may have major implications for agricultural trade, although uncertainty remains around what this means for Chinese tariffs on US agriculture products...
Dear USCBC members following agriculture and food safety:
China began a government restructuring effort back in March to improve the effectiveness of their bureaucracy and increase central control. In the past months, the new government agencies have finalized their plans for their specific responsibilities, internal departmental...
Dear USCBC members following agriculture and food safety:
As I am sure you are aware, Chinese tariffs on $34 billion in US goods went into effect on July 6 shortly after the United States imposed tariffs on Chinese imports of equal value. The tariffs cover nearly all US agricultural exports to China, as well as automobiles and auto parts, and could have a serious long-term impact on the market share of US agricultural products in China.
The US-China Business...
Dear members following agriculture and food safety,
This update is a bit lengthy since a lot has happened in the US-China agriculture space over the past month and change. It begins with an update on how developments in US-China trade are affecting agriculture, followed by summaries of a variety of recent agriculture and food safety-related issues.
US-China Agricultural Trade Update: Deal to Increase US Exports to China Appears Unlikely as Both Sides Prepare...
Dear USCBC members following agriculture and food safety:
It has certainly been an eventful month in the US-China trade relationship, especially for the agricultural sector. As one of the US’ largest categories of exports to China and one of the few areas where the US maintains a trade surplus with China, US agriculture has always been particularly vulnerable to bilateral trade tensions. Just in the past month, we have seen China propose retaliatory tariffs that would hit...
Dear USCBC members following agriculture and food safety:
As many of you are well aware, the National People’s Congress passed a sweeping government restructuring plan this past month that affects many of the regulators related to agriculture and food safety. I have included an additional section in this month’s update detailing some of these changes.
We would be interested to hear from you which regulators you have historically found easier to work with and...
Dear USCBC members following agriculture and food safety:
We are excited to announce that the agriculture industry update will be expanding to cover food safety issues as well! Agriculture and food safety are closely linked, since the safety of food products starts at the farm. Going forward, this update will have an agriculture section and a food safety section with relevant news and policy developments in each area. I encourage you to read both, since there is significant...
Dear USCBC members following the agriculture industry:
As part of USCBC’s regular monitoring of government and press sources in both English and Chinese, we recently came across a number of policy and news developments related to agriculture: