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China, US reach agreement on beef, poultry and natural gas

China, US reach agreement on beef, poultry and natural gas

The U.S. involvement in Xi's so-called "One Belt, One Road" program suggests that Trump is attempting to improve relations despite his anti-China rhetoric during the presidential campaign.

The deal, which should start no later than mid-July, is subject to further technical talks on import standards, would allow U.S. beef and card payment services access to the Chinese market.

The U.S. -China agreement on access to Chinese beef markets has just one more round of technical consultations and a July 16 deadline before U.S. beef is allowed in the country. China's pledge to end its ban of USA beef was first made in September, although now imports are expected to be authorised by July 16.

Mann said he hoped for a 2000% increase in profit, once the Chinese start buying American beef in mid-July, a first since 2003.

Tony Corbo, a senior lobbyist for the food campaign at Food & Water Watch, an environmental advocacy group, has been raising concerns about efforts to open the USA market to Chinese chicken imports for years. "We look forward to providing almost 1.4 billion new customers to China with the same safe and delicious USA beef that we feed our families".

Commerce Secretary Wilbur Ross hailed the agreement as "a herculean accomplishment" forged in record time.

"U.S. -China relationships are now hitting a new high especially in trade", he added.

NORTHAM: Kennedy says the deal doesn't address core problems the US has in its relationship with China. Beijing would also grant licenses to two US banks seeking to underwrite stock or bond offerings in China. Ross explained the significance of exporting the product to China.

In a joint statement with McClaskey, Gov. Sam Brownback complimented the Trump Administration for re-opening the beef trade. "Normally, trade deals are denominated in multiple years, not tens of days".

Chinese banks will be allowed greater access to the USA market.

It's been almost 14 years since China banned imports of US beef following the December 23, 2003 announcement that a Holstein cow had been diagnosed with BSE.

"Because the unsafe foot-and-mouth disease (FMD) is endemic in China, we need assurances from the Secretary of Agriculture that we are not entering a quid pro quo with China as we did with Brazil, with which we agreed to relax our FMD restrictions in return for renewed access to the Brazilian market". Nebraska Cattlemen members have stepped up repeatedly to help foster a growing relationship with China.

"The more these agreements include real, concrete outcomes rather than platitudes, rehashing old ground or punts to the future, the better they are", Mulhauser said.

American enterprises like Visa and Mastercard will get access to the Chinese market and two banks will get bond underwriting licenses. He's argued that America's perennial trade gaps have cost millions of factory jobs and he has pledged to take a tougher stance in trade negotiations to lower the imbalances. Not a breakthrough The US trade deficit with China was $347 billion a year ago. The agreements will also help reduce Washington's trade deficit with Beijing.

"Both sides have a deep and close understanding that the U.S".


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