China may re­sume US beef im­ports in 2016

The Pak Banker - - COMPANIES/BOSS -

China halted im­ports of US beef in 2003 af­ter a case of mad cow dis­ease was found in Wash­ing­ton state.

Ten months later, a U.S. trade of­fi­cial said re­sump­tion of beef trade with China "may be im­mi­nent." In 2006, the ban was lifted on some bone­less beef prod­ucts.

Now, an in­dus­try group is pre­dict­ing that China, the world's big­gest im­porter of U.S. agri­cul­tural goods, will open its mar­ket fully by the middle of this year.

The last is­sue to re­solve is the pro­ce­dure to track U.S. cat­tle, and Chi­nese rep­re­sen­ta­tives must au­dit the sys­tem, Philip Seng, chief ex­ec­u­tive of­fi­cer of the Den­ver-based U.S. Meat Ex­port Fed­er­a­tion, said Thurs­day in an in­ter­view at an in­dus­try con­fer­ence in San Diego. "There's a sense of ur­gency to get­ting this done," Seng said.

China's beef im­ports from 2010 to mid-2015 in­creased more than 10-fold as con­sump­tion climbed, U.S. Depart­ment of Agri­cul­ture data show. Coun­tries such as Aus­tralia are boost­ing ex­port sales.

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