The Chinese government will reallocate unused quotas for agricultural imports
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Last Update: 2002-08-27
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Source: Internet
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Author: User
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Introduction: new page 1 China National Development and Planning Commission (SDPC) said recently that companies holding low tariff agricultural import quotas must return all unused quotas on September 15 for redistribution Those enterprises that have obtained the import quota or TRQ, if they can't import the agricultural products with the quota in full on December 31, 2002, they need to return the unused quota to the relevant SDPC authorized department When China joined the World Trade Organization last year, KRR agreed to import agricultural products on the basis of low tariffs These quotas were also allocated to non-state enterprises under this system this year Quotas will be reallocated to potential importers, the Planning Commission said in a statement last Thursday Those enterprises that failed to return unused quotas to the state would reduce the number of quotas they received proportionately when they applied for them in 2003 KRR enterprises that have failed to apply for import quota before the deadline can apply for the second round of quota from September 1 to 15 The distribution of the second round of quotas will be announced on September 30 KrR
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