In Chinese seafood market and trade, News Bites, stag, Stag alerts, Uncategorized

The China and US trade agreement – seafood details

(Various sources: CAPPMA and MOFCOM, January 2020

The China Aquatic Products Processing and Marketing Alliance has summarised the agreement in relation to seafood as follows.

  • At the request of the United States, China will, in the next two years, strive to purchase $40 billion worth of U.S. agricultural products, including lobsters and for a further two years after that import an additional $5 billion worth per year;
  • China will open to more than 20 types of the U.S. seafood products listed in Attachment 1 of the Agreement;
  • The General Administration of Customs P.R. China (GACC) and the U.S. FDA will discuss to ensure that exported Chinese seafood meets the U.S. requirements;
  • Within 20 days of the entry into force by the Agreement, the products registered by GACC for the U.S. seafood establishments and fishmeal establishments may be exported to China;
  • China continues to have the right to audit the U.S. aquatic products food safety regulatory system. If China determines that a particular shipment of U.S. aquatic products is in violation of applicable food safety import requirements, China may refuse importation of that shipment.

Import tariffs on some of the U.S. seafood products have been reduced including lobsters and salmon from 7% to 5%, cod and herring from 7% to 2%, effective as of 1 January 2020.

According to news agency Sohu, an increase of the seafood supply from the U.S. involving lobsters will be beneficial to Chinese consumers, but may have adverse impact on some Chinese companies for the short term.

It is reported by Fishfirst that Prof CHENG Dawei of the People’s University of China commented that the agreement is equal and conducive to bilateral interests, including those of the Chinese farmers and agricultural development. The Chinese seafood industry believe that it might be favourable for exports of Chinese seafood such as tilapias and prawns, even though the U.S. still keep the current import tariffs of up to 25% on Chinese seafood including tilapias.

Links to original sources (Chinese)

http://www.mofcom.gov.cn/article/ae/ai/202001/20200102930845.shtml

http://www.cappma.org/view.php?id=4299

http://www.cappma.org/view.php?id=4297

http://www.fishfirst.cn/article-118939-1.html

http://www.sohu.com/a/367314331_116062

 

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