China will soon announce the detailed rules of genetically modified regulations

Introduction: China's unclear genetically modified regulations have led to almost a halt in the import of Chinese soybeans According to Gao Xiushan, President of China National Vegetable Oil Association, during the international oilseed crushing Association meeting, the details of the upcoming genetically modified regulations are currently confidential, but the full contents of the details will be released soon China's soybean import has essentially stopped since June 6, when China announced the implementation of the genetically modified regulations The government announced that all the production, sales and import of genetically modified food must be approved, and that proof of no harm to human, animals or the environment must be provided On August 22, when China's main trade representative claimed that Beijing might allow a certain grace period for the import of new GM rules, but did not give specific information, it made the situation more uncertain The American Soybean Association said three weeks ago that it could not successfully get the time limit from China Gao said the new quarantine rules, which include regulations on soybean imports, will be announced, which are different from the new genetically modified regulations "We just know now that the quarantine bureau is getting more and more attention from the government, so it will take action after the introduction of the detailed rules of the genetically modified regulations," he said A senior banker of Rabo Bank International Asia Branch said at a meeting on Tuesday that China's specific policy on GM import regulations so far is unclear, indicating that China is ready to use non-tariff barriers after its accession to the WTO However, Gao Xiushan claims that transgenic rules are necessary to ensure the safety of transgenic products The regulation has led to traders' confusion Due to the uncertainty of imported soybeans from the United States, the United States is the main supplier of soybeans in China, which produces 60% of the global soybean trade, mainly genetically modified products Traders are concerned that when GM rules are implemented, goods cannot pass strict quarantine rules China's rapid increase in soybean imports made the total imports in 2001 still far higher than last year In 2000, China's soybean imports were 10.419 million tons, far higher than 4.319 million tons in 1999 But Gao said on Wednesday that he did not expect Chinese soybean meal exports to remain hot So far this year, China's soybean meal export has soared, with the export volume of soybean meal increased by 480% from January to July to 69000 tons The next step in exports will depend on China's soybean imports, which will be consistent with domestic demand In 2001, China's domestic soybean meal production will reach 16.39 million tons, and the domestic consumption will be 16 million tons The available export volume of soybean meal is very low He claims that China's current soybean crushing profit is extremely low, and there is little hope for improvement due to the pressure of low domestic vegetable oil prices and high import costs After China's accession to the WTO, China will import more soybean oil, which makes the squeezing profit extremely low China's future soybean imports will depend on the specific rules of the GM regulations, which he claims may have some impact on soybean imports (author:) share to feed Weibo share to: