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China's purchases of farm goods at 71pc of US trade deal target
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Posttime:2020-10-28
CHINA has substantially increased purchases of US farm goods and implemented 50 of 57 technical commitments aimed at lowering structural barriers to US imports since the two nations signed a trade deal in January, Reuters reports.
In a joint statement, the US Trade Representative's (USTR) office and the US Department of Agriculture (USDA) said China had bought over US$23 billion in US agricultural goods to date, or about 71 per cent of the target set under the so-called Phase 1 deal.
"Since the Agreement entered into force eight months ago, we have seen remarkable improvements in our agricultural trade relationship with China, which will benefit our farmers and ranchers for years to come," said US Trade Representative Robert Lighthizer.
source:Schednet
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