U.S. beef exports are set to resume as part of the Sino-U.S. economic cooperation 100-day action plan unveiled in mid-May. Chinese Vice-Finance Minister Zhu Guangyao disclosed that China plans to resume imports of U.S. beef by July 16, exactly 100 days after Chinese President Xi Jinping met U.S. President Donald Trump in Florida…Full Article: ECNS.cn May 2017

Key Point

  • In 2016, China’s beef market reportedly had an 830,000 MT supply gap. During that year, roughly 600,000 MTs of beef (22% increase from 2015) was imported by China.

ChinaAg Comments

  • In March 2017, China and Australia signed an agreement lifting restrictions on beef imports. As a result of the agreement, all licensed Australian beef exporters can export chilled beef to the Chinese market. Previously, only 11 Australian suppliers could export chilled beef.
  • In September 2016, China lifted a ban on bone-in and boneless beef from cattle under 30 months old from the USA. On 21 September 2016 (the day before the US beef ban was lifted), for the first time ever China’s central bank permitted a US-based bank to clear Chinese CNY (yuan) transactions. The New York branch of the Bank of China was given permission to begin yuan clearing services.
  • In April 2016, Chinese veterinary inspectors carried out audits of beef producers in Ireland, France, the Netherlands, Britain, Belgium and Italy as a possible precursor to opening up trade.
  • In January 2016, China (via Shanghai) imported beef from Hungary for the first time.
  • In October 2015, China and Hungary signed a beef trade agreement.
  • In February 2015, China’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) formally lifted the ban on Irish beef, allowing Ireland to export deboned beef from animals under the age of 30 months.
  • In 2006, mainland China partially lifted its ban on US beef, allowing the US to export beef from cattle up to 30 months old. However, US beef suppliers complained that sanitary certificates for their beef were not being issued in a timely manner by China. The ban was still in-effect, just under a less official form.
  • In 2005, Hong Kong banned US beef, but reopened imports for boneless beef in 2006. In 2013, Hong Kong reopened imports of US in-bone beef in February 2013.
  • In 2003, China banned US beef after a case of Bovine Spongiform Encephalopathy (BSE), aka mad cow disease, was detected in Washington state. China also banned beef from Canada in 2003 due to concerns over mad cow disease (BSE). The Canadian ban was eventually lifted in 2010.
  • In 2001, China banned beef imports from the European Union (EU) over concerns from Bovine Spongiform Encephalopathy (BSE), aka mad cow disease.

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