China struggling to meet "Phase One" seafood purchase commitments

However, the latest data, as compiled by the Peterson Institute of International Economics, reveal Beijing is still well short of its purchasing commitments under the deal. American agricultural exports to China increased by 35 percent last year, said Craig Allen, president of the US-China Business Council (USCBC) and a veteran American trade official. Allen said China imported about USD 74 billion (EUR 65.8 billion) worth of US agricultural goods by the end of November 2020, which was still about USD 6 billion (EUR 5.32 billion) short of the target for 2021, according to data provided by the Office of US Trade Representative. While it’s a “tremendous increase,” it’s still short by half of what China committed to purchasing, according to Allen.