Summary
On May 21, Commerce Ministry spokesperson He Yadong responded at a press conference to the White House's claim that China will purchase $17 billion worth of US agricultural products (excluding soybeans) annually for the next three years. He stated that agricultural trade is an important part of China-US economic and trade cooperation. Recent trade consultations have reached positive consensus on resolving some non-tariff barriers and market access issues for agricultural products, agreeing in principle to include relevant products in a reciprocal tariff reduction framework and setting guiding targets for expanding bilateral agricultural trade.
He emphasised that both sides should create favourable conditions for two-way agricultural trade and promote the restoration and expansion of trade cooperation in this sector.
Commentary
What does the latest China-US consensus on agricultural trade mean for New Zealand small business owners? Firstly, the easing of trade tensions may reduce Chinese tariff barriers on US farm goods, increasing their competitiveness in the Chinese market. For New Zealand exporters, this could mean fiercer competition in sectors like dairy, meat, and fruit, particularly as US non-soybean products (e.g., meat and dairy) may directly vie for market share with New Zealand goods.
However, the guiding targets for expanding two-way trade could also drive greater openness and standardisation in China's overall agricultural import market, creating a more transparent trading environment for New Zealand products.
Keywords: China-US trade, agricultural products, Commerce Ministry, White House, tariffs, market access, trade consultations, reciprocal tariff reduction
Summary in Chinese | 摘要
5月21日，商务部新闻发言人何亚东在新闻发布会上回应白宫称中国未来三年每年购买170亿美元美国农产品（不包括大豆）的言论。何亚东表示，农产品贸易是中美经贸合作的重要组成部分，近期经贸磋商中双方就解决部分农产品非关税壁垒和市场准入问题达成积极共识，原则同意将相关产品纳入对等降税框架，并设定了扩大农产品双向贸易的指导性目标。他强调，双方应为双向农产品贸易创造有利条件，推动恢复并拓展农产品领域贸易合作。
Commentary in Chinese | 评论
中美在农产品贸易上的最新共识，对新西兰中小企业主意味着什么？首先，中美贸易关系的缓和可能减少中国对美国农产品的关税壁垒，从而增加美国农产品在中国市场的竞争力。对于新西兰出口商而言，这意味着在乳制品、肉类、水果等领域可能面临更激烈的竞争，尤其是美国大豆以外的农产品（如肉类、乳制品）可能直接与新西兰产品争夺市场份额。
然而，中美达成扩大双向贸易的指导性目标，也可能推动中国整体农产品进口市场的开放和规范化，为新西兰产品创造更透明的贸易环境。
关键词: 中美贸易, 农产品, 商务部, 白宫, 关税, 市场准入, 贸易磋商, 对等降税
Source: Penguin Number
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