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China plans to import 8.468m tons of wheat
BEIJING-China plans to import 8.468 million tons of wheat this
year.
The Chinese government unveiled 18.3 million tons of tariff
quotas for imported grains, including corn, rice and wheat for
this year. The quotas were set during Beijing’s negotiations
with the World Trade Organisation (WTO) members.
According to the official sources, it is the first time the
government has formally made public import quotas, applicant
qualifications and allocation principles since China became a
WTO member in the second half of last year.
China will import 8.468 million tons of wheat from its trade
partners and 90 per cent of the quota belongs to state-owned
foreign trade companies. For corn, the import quota is 5.85
million tons and 68 per cent of the amount will be given to
state-owned applicants.
The State Development Planning Commission (SDPC), authorised
to set tariff quotas for major agricultural imports, also
unveiled quotas for other key products including cotton, palm
oil, rapeseed oil, rice, woollen yarn, soya-bean oil, sugar,
wheat and wool.
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February 11, 2002
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Pakissan.com;
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