Sino US soybean trade dispute remains to be resolved

Lead: officials said Monday that despite media reports that the dispute over the soybean trade between China and the United States has been resolved, the two countries have not yet fully resolved the trade dispute "The two countries have completely solved this problem," Shanghai Daily quoted long Yongtu, China's chief WTO negotiator But the U.S government and trade officials told Reuters that they have not heard any new progress since Robert Zoellick, the U.S trade negotiator, said on Thursday that progress has been made on the matter Zoellick spoke last week at the Asia Pacific Economic Cooperation Forum in Shanghai, which has 21 member countries "Zollick said last week that he has made some progress on the soybean trade, which is the latest news I know," a US trade official told Reuters in Beijing "We have not heard anything so far," another US official said in Beijing Traders have been keen to see an agreement between the two countries to reopen China's $1 billion soybean market to the United States In June, China introduced regulations on genetically modified organisms, but since then, no detailed regulations have been published, which has led to the inhibition of soybean import in the United States 70% of American soybeans are genetically modified In the past month, several South American soybeans have been stranded in Chinese ports because of the cumbersome inspection and quarantine procedures implemented by port authorities on soybeans cargo ships, officials said Traders have been reluctant to place U.S soybean orders because of concerns that these vessels could suffer the same fate "We don't think there is any problem with the soybean trade with the United States," an official of the Ministry of foreign trade and economic cooperation of China said in real time when asked if the media reports were true China's quarantine inspection will not damage any US soybean imports " Asked how he commented on the recent delays in South American soybeans, the official told Reuters, "our port inspection is carried out in accordance with international practice, and in the case of genetically modified products, we will carry out inspection in accordance with regulations." (author:) share to feed Weibo share to: