Farm Progress is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Serving: East

U.S., China near deal on soybeans?

U.S. soybean industry sources told Reuters that the deal on the rules governing imports of genetically engineered foods would be announced after U.S. and Chinese representatives initial a draft agreement. The temporary rules were scheduled to expire Dec. 20.

Although sales of U.S. soybeans to China are a fairly recent development, the U.S. soybean industry has been projecting sales of $1 billion in soybeans and products to the People’s Republic – if U.S. trade representatives could overcome the hurdles posed by China’s bureaucracy on biotech foods.

U.S. officials have said their two main objectives in dealing with China’s entry into the World Trade Organization this year were to resolve the impasse over imports of genetically enhanced soybeans and China’s recently announced regulations on cotton imports.

There was no word on any developments on the cotton import rules.

e-mail: [email protected]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.