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China Planning More Purchases of U.S. Ag Products
USAgNet - 07/23/2019

China is making plans to purchase agricultural products from the U.S., a gesture experts said shows Beijing's sincerity and goodwill to push forward the bilateral trade negotiations, and also a firm step of realizing the consensus made by the two heads of state during the G20 meeting. Whether the two will take further steps and make progress in their trade talks depends on the U.S. side, they noted.

Unidentified Chinese enterprises have inquired with US exporters about the purchase of agricultural products, and also applied for the lifting of Chinese tariffs on the farm products in accordance with the regulations of the Customs Tariff Commission of the State Council, according to a report from the Xinhua News Agency on Sunday, citing Chinese authorities.

"It sends a positive signal for the upcoming trade negotiations between the two governments and is also a firm step of realizing the consensus made by the two heads of state during the G20 meeting" in Osaka, Japan, Jiao Shanwei, editor-in-chief of cngrain.com, a website specializing in grain news, told the Global Times on Sunday.

"China always holds a positive and open attitude toward the bilateral trade relationship. The move shows that China is now stepping up efforts to avoid worsening the trade tensions, which would be harmful for both countries."

A tit-for-tat trade conflict between the world's two largest economies has been ongoing for months, and the stalled talks will resume after leaders of the two countries reached a truce last month.

In the latest sign of progress, Chinese Vice Premier Liu He talked with Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin over the phone at the latter's invitation late Thursday.

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