The slow process of finalising China’s restrictive policy on GM imports will not hinder trade, stressed trade negotiator Long Yongtu.

He added that there is likely to be a grace period for food imports, during which they will not have to adhere to the GM rules, which were announced in Beijing on 6 June but still have not been implemented.

Long, who is also vice-minister of the Ministry of Foreign Trade and Economic Co-operation, explained that the process was taking so long because “we are very cautious, very careful to work out implementation rules to make sure that they are consistent with WTO rules”.

The delay is frustrating traders however, particularly those involved in soyabeans.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.