China Establishes Agricultural Import Quotas for Chinese Companies

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Last updated at: (Beijing Time) Wednesday, January 01, 2003

China Establishes Agricultural Import Quotas for Chinese Companies

China has set import quotas for agricultural products for local enterprises to take effect in 2003, the State Development Planning (SDPC) announced on Tuesday.

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China has set import quotas for agricultural products for local enterprises to take effect in 2003, the State Development Planning (SDPC) announced on Tuesday.

According to the SDPC, the import quota includes 8.652 million tons of wheat, 6.325 million tons of corn, 2.2525 million tons of long-grain rice, 1.52905 million tons of short-grain rice, 2.618 million tons of bean oil, 2.5 million tons of palm oil, 918,600 tons of rape seed oil, 1.1522 million tons of sugar and 356,250 tons of cotton.

The SDPC also maintained import quotas for food processing, including 400,000 tons of wheat, 200,000 tons of corn, 75,000 tonsof long-grain rice, 75,000 tons of short-grain rice, 200,000 tons of bean oil, 100,000 tons of palm oil, 100,000 tons of rape seed oil, 700,000 tons of sugar and 500,000 tons of cotton.

The SDPC said local enterprises will be able to apply for the 2003 import quota for food processing as well as the 2003 import tariff quota for wool beginning Jan. 2, 2003.

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