Thailand feed processing plant benefits from China's accession to WTO

Lead: Bangkok, November 30 (Reuters) - Thailand will benefit from China's accession to the world trade organization, an official from the Ministry of Commerce said Friday Thailand can import Chinese soybean meal and soybean at a lower price "After China's accession to the WTO, China's soybean and soybean meal are likely to replace the soybean and soybean meal that Thailand usually imports from the United States and Argentina," said the Minister of enterprise economy "China is closer to us than those countries, and the price is relatively cheap." She added At present, China is not a major exporter of soybean meal, because it has to face a high import tax of 6% Because China is not a member of the WTO, China has to pay an additional fee of 2500 baht per ton So far, China can only ship small quantities of soybean meal to Japan and South Korea, because China has a geographical advantage over us Sellers However, after China's accession to the World Trade Organization on December 11, some additional tariffs will be cancelled, and Chinese soybean meal will be free to enter the Thai market and other countries, and enjoy the same treatment conditions as the products of other WTO members Thailand uses soybean meal as animal feed Feed industry relies on imports, with 1.3-1.4 million tons of soybean meal imported each year Thai trade sources say Thailand buys soybean meal mainly from the United States, Brazil, Argentina and India Lingtong people said earlier this week that after China's accession to the WTO in December, it will test the export of soybean meal to Thailand (author:) share to feed Weibo share to: