China’s first-ever shipment of imported beef from Hungary has arrived in Shanghai, local authorities said Saturday [16 January 2016]. The 12-tonne frozen beef from Hungary, valued at 70,600 U.S. dollars, is expected to be put into the market before the Chinese Lunar New Year that begins on Feb. 8, said a joint press release from Shanghai Customs and Shanghai Entry-Exit Inspection and Quarantine Bureau. It said the shipment arrived at Shanghai’s Yangshan Port Thursday and went through customs formalities Friday…Full Article: ECNS.cn Jan 2016

Key Points

  • In October 2015, China and Hungary signed a beef trade agreement.
  • In 2015, China and Hungary signed a Memorandum of Understanding (MOU) within the Silk Road Belt and 21st-Century Maritime Silk Road initiatives.
  • In 2015, Shanghai imported just under 170,000 MTs of beef and mutton.

ChinaAg Comments

  • In 2013, the Maritime Silk Road, a Chinese strategic initiative, was launched by Chinese President Xi Jinping to boost the economic development and trade of countries lying along the South China Sea, Bay of Bengal, Arabian Sea, Indian Ocean, and Red Sea.
  • In 2003, China banned US beef after a case of Bovine Spongiform Encephalopathy (BSE), aka mad cow disease, was detected in Washington State.
  • In 2001, China banned Japanese beef imports reportedly over concern for bovine spongiform encephalopathy (BSE or ‘mad cow’).

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