Tuesday, June 25, 2019


China approves import of five GM crops easing trade tension with the US
Wednesday, 09 January, 2019, 12 : 00 PM [IST]
China has given approval to import five genetically modified (GM) crops, bolstering its overseas grains purchases and easing pressure from the United States to open its markets to more farm goods. The approval was announced on Tuesday.

The United States is the world’s biggest producer of GM crops, while China is the top importer of GM soybeans and canola.

US farmers and global seed companies have long complained about China’s slow and unpredictable process for approving GM crops for import, stoking trade tensions between the world’s two largest economies.

The approvals, announced on the agriculture ministry’s website, were granted while a US trade delegation is meeting with its counterparts in the Chinese capital this week.

“It’s a goodwill gesture toward the resolution of the trade issue,” said a China representative of a US agricultural industry association.

Source: Reuters
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