The Brazilian government expects China to clarify its GM soybean policy in a few weeks

Introduction: on Monday, Brazilian Trade Development Minister Amala told osterdow Jones that the Brazilian government expects China to clarify its new import policy for genetically modified soybeans in the next week or two weeks Since the Chinese government issued vague regulations, the Brazilian government has kept close contact with Chinese officials The first part of China's regulations is that from March 20, all imported soybeans must be proved not to be genetically modified products The minister said that China's requirements in this regard are expected to come out soon He said that the Brazilian trade delegation will visit China at the end of the month, and the soybean issue will be on the agenda Although only a small part of Brazil's soybeans are genetically modified (about 5% - 20%), exporters are not sure what kind of certificates they should apply for and which government departments should apply for them Because of the uncertainty of these regulations, Brazil has delayed the sale of new soybeans to China, similar to the situation in the United States China became Brazil's largest soybean importer last year, and exporters are keen to keep the market In 2001, Brazil's exports to China totaled 3.17 million tons, an increase of 78% over the previous year Some market analysts believe that this year, the United States will take part of China's market share from Brazil, because the United States has done a good job in certificate preparation In addition, the Brazilian government and the private sector hope to obtain part of China's soybean oil import quota through bilateral negotiations and coordination After China's accession to the WTO, soybean oil imports are likely to reach 1.6 million tons this year.