The US will reach a soybean agreement with China in the near future

Introduction: World soybean information network, Aug 2: according to the U.S Department of agriculture president Ann wienemann, recently said that although the Chinese government had protested against soybean import some time ago, and the negotiations were difficult, Chinese government officials recently promised that the tariff rate quota and other relevant regulations and rules would not affect the import of U.S soybeans and other products In the previous week, venaman led a five member delegation to China for a three-day visit to meet with some government officials, including the Ministry of agriculture In a press conference yesterday, wienemann said that despite the disputes between the two countries since this spring, she believed that the two sides would reach an agreement eventually The negotiations between China and the United States have reached a deadlock on the import of genetically modified soybeans The quality of genetically modified soybeans in the United States is better than that in China, and its import will have a certain impact on China's fledgling biotechnology industry According to the report of the American Soybean Association, the annual soybean export volume of the United States to China amounts to US $1 billion, which is higher than that of other agricultural products in China The United States accused China of confusing its import regulations China is concerned that the United States is using WTO rules and regulations to sell cheap soybeans to China, 70% of which are genetically modified products While conducting biotechnology research on China's agricultural products, China is concerned about the health and safety of genetically modified products imported from the United States A temporary transition agreement between the two countries reached on March 20 this year reduced restrictions on US agricultural imports to some extent The main contents of this week's talks include the impact of the relevant regulations to be promulgated by the Chinese government, as well as the issue of government financial subsidies for corn and cotton Next week, some members of the U.S delegation will continue to consult with Chinese government officials on details, venaman said Joseph Jen, USDA's Under Secretary for research, economics, and education, will likely attend the meeting Venaman believes that this is a good start for the substantive talks the two countries are looking forward to The two countries hope to sign a formal agreement on December 21.