China's approval of Brazilian soybean import traders is still waiting for a license
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Last Update: 2003-02-02
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Source: Internet
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Author: User
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Lead: Reuters Shanghai January 27 Reuters Shanghai January 27 Reuters: on Monday, China approved the import of Brazil's soybeans, opening the soybean market worth more than $1 billion a year to the South American country NNR's Brazilian embassy in China cautiously welcomed the news, but said it was waiting for some written documents, which market participants hoped China would publish in mid February to enable Brazil's soybean shipments to start exporting earlier China's genetically modified food import regulations have affected the trade of major soybean producing countries in the world, such as the United States and Brazil, both of which are eager to provide the world's largest soybean importing country with sources of goods NNR told Reuters that China has approved Brazil's soybean exports to China, according to an official from the genetically modified Management Office of the Ministry of agriculture China will begin accepting applications after the Spring Festival, the official said of the import licenses soybean suppliers must obtain NNR but Brazilian officials say the approval of China's GM office is only the first step, and the actual soybean trade must be approved by other senior leaders, including the Deputy Minister of agriculture According to Jing, a Brazilian diplomat in Beijing, this is certainly good news for Brazil, but Brazil has yet to receive any official documents NNR
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