China and the United States have reached an agreement on the trade of genetically modified soybeans

Lead: Washington, Oct 10 (Reuters) - the U.S and China have reached an agreement to extend the current regulations on genetically modified food to September 2003, a source familiar with the U.S soybean industry said Thursday, in order to ensure the normal sales of U.S soybeans to China At present, China's regulations on the import of genetically modified food were originally set to be invalid on December 20 Industry sources in the United States confirmed market rumors that the two governments had reached an agreement to extend the interim agreement for nine months until us soybeans entered harvest USDA officials have yet to comment on the rumors, but a senior USDA official told Reuters on Wednesday night that a statement on the US China soybean trade was being drafted The official did not confirm the contents of the statement The annual export value of soybeans from the United States to China is US $1 billion, and 70% of soybeans in the United States are genetically modified products (author:) share to feed Weibo share to: