China's Concessions to Improve Trade, Importing More Ag Products

May 31, 2017 11:51 AM

China is a major focal point for trade negotiators in Washington D.C.

Chinese officials are making a major move in their relationship with the U.S., issuing a list of concessions that it says can help deliver a win-win partnership with America.

The list is part of a 117-page document released by the Ministry of Commerce. It says China wants to improve infrastructure cooperation with the U.S. while taking more imports of goods, including soybeans and other agricultural products like cotton.

A 100-day review of the bilateral trade relationship is expected to conclude in July.

A deal earlier this month allows more U.S. access into the Chinese market for beef, natural gas, and financial services.

Part of that means speeding up negotiations on traceability, inspection, and quarantine procedures for beef sold in the Chinese market.

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