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Report: China to maintain grain import quotas despite US trade deal

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Report: China to maintain grain import quotas despite US trade deal

China does not plan on raising its import quotas for wheat, rice and corn to contribute to its commitment of increasing imports of agricultural goods from the U.S., Reuters said, citing a Caixin report that quoted Chinese Vice Agriculture Minister Han Jun.

The government aims to protect domestic producers by keeping the import quotas for the said grains at their current low levels. China has already committed to $50 billion of farm purchases from the U.S. this year as part of a "phase one" trade deal, which is on track to be signed Jan. 15.

Han, who is also a part of China's trade negotiations team, reportedly said the quotas are in place for countries across the globe and will not be adjusted for any particular country. He said in December 2019 that China will increase purchases of U.S. wheat, corn and rice to meet trade demands, Reuters added.