Canada says China will further liberalize the import of feed peas
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Last Update: 2002-04-22
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Source: Internet
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Author: User
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Lead: Manitoba, Canada, April 19 (Reuters) - on Friday, the Canadian government said that after a long period of lobbying, China has responded to the convenience of Canadian feed peas entering the Chinese market As part of its WTO commitments, the Chinese government is reducing the value-added tax on feed peas from the current 17% to 13%, said Lyle vanclif, Canada's agriculture minister According to a press conference on agriculture and agrifood in Canada, the tax rate level of feed peas is consistent with that of other livestock feed products after the vat of feed peas is reduced In the past, the import tax on Canada's feed peas was as high as the tax rate on dry peas for human consumption Vanclif said at the conference that this initiative will make Canadian feed peas more accessible to the Chinese market and therefore will help our overseas sales Canada is the largest supplier of dried beans in China, with exports of $27.1 million (US $17.3 million) in 2001 In the past four years, Canada has exported 270000 tons of dried beans to China, worth $62.5 million, according to the Ministry of agriculture China is the fifth largest consumer of dried beans in Canada To export feed peas to China, it is necessary to apply to the grain Commission for a certificate indicating that the products exported are feed grade products China's VAT reduction will make Canadian dried beans more competitive than other feed products, making their exports more attractive, the Ministry said The Ministry of agriculture also pointed out that China's livestock breeding industry lacks protein and heat energy feed Note: one dollar equals $1.57 (author:) share to feed Weibo share to:
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