EU and U.S. Hunger for Relaxation of China Food Inspection Rules — Panjiva
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EU and U.S. Hunger for Relaxation of China Food Inspection Rules

Ags - Grains/Beans 318 Ags - Meat/Dairy 268 Australia 133 China 3047 Consumer Staples 804 European Union 877 Tariffs 1865 U.S. 5398 WTO 114

Nine countries and the EU have urged China to scale back new food inspection rules due to apply from October. These could yield significant bureaucratic costs. Panjiva analysis of over 480 Chinese food import lines shows the most exposed are soybeans from the U.S. and Argentina ($18.6 billion), infant formula and pork from the EU ($2.4 billion and $2.8 billion respectively) and barley from Australia ($1.1 billion). Food exports from the U.S. and China are particularly sensitive right now given ongoing trade improvement negotiations are ongoing.

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