China agrees to open market to U.S. beef, gas
- Author: Rita Burton May 13, 2017,
May 13, 2017, 0:26
Ross said they would continue working and then "see if we can reach agreement" on other matters. "China relations on trade", he said. The U.S. last month ordered national-security probes on imports of Chinese steel and aluminum.
Foreign-owned firms will also be able to provide credit rating services in China, under the agreement, which are the first results of 100 days of trade talks that began last month. Trump has since softened his tone as he's sought the country's cooperation in mitigating the nuclear threat from North Korea.
While Trump made the revival of America's coal industry a hallmark of his campaign, his administration seems to be acknowledging the potential jobs bonanza offered by the two dozen applications under review to build LNG export terminals.
"As noted in the U.S".
The last item of 10 listed in a joint statement says a US delegation will attend an worldwide gathering in Beijing, beginning Sunday, that will showcase a plan by President Xi Jinping to invest in vast networks of ports, railways and roads in a bid to expand China's trade with Asia, Africa and Europe.
"China has a $150 billion program to take that much further between now and 2025", Ross said.
Total global beef exports from the U.S. totaled $6.6 billion in 2016, according to the U.S. Meat Export Federation. "China economic relationship can't be politicized". "China can buy more. clean energy from the United States, and China can mean a lot of business for the U.S. - just think about soybeans, cotton and aircraft".
North American Meat Institute (NAMI) chairman and Bob Evans Farms president and chief executive officer Mike Townsley responded to the news by saying, "The meat industry has long sought access to the Chinese market for US beef, making today's announcement a significant and very welcome milestone". We look forward to providing almost 1.4 billion new customers in China with the same safe and delicious USA beef that we feed our families.More news: Things To Know About This Year's May The Fourth Star Wars Day
What have the USA and China agreed to?
-China trade agreement, Commerce Secretary Wilbur Ross puffed a bit too hard in describing its greatness.
As well as this under the deal China will remove its ban on U.S. beef imports.
China's pledge to end its ban of U.S. beef was... Chinese agricultural exports to the US totaled about $10 billion.
Similarly, Washington has agreed to advance a new rule that would allow China to export cooked poultry to the United States.
China will allow United States beef into the country while the USA says it will take steps towards allowing "China origin cooked poultry" imports.
A number of USA companies are seeking permits to build facilities to process liquefied gas, which would allow America to become a net exporter of gas, something it has not been since the 1950s. Biotechnology includes genetically modified organisms for plants such as corn and cotton.
The joint statement said the United States would send a delegation to China's One Belt, One Road summit on Sunday and Monday. "We do not intend to endanger anybody's health or safety in the USA", he said.