financetom
Business
financetom
/
Business
/
China renews export registrations for US pork, poultry plants in relief to farmers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China renews export registrations for US pork, poultry plants in relief to farmers
Mar 17, 2025 8:23 PM

BEIJING/CHICAGO (Reuters) -Beijing has renewed registrations that allow hundreds of U.S. pork and poultry facilities to export to China, industry groups said on Monday, after lapses threatened shipments to the world's largest meat importer.

Chinese customs website showed that registrations were renewed until 2030, but those for hundreds of U.S. beef facilities remain listed as "expired".

The renewals for poultry and pork are a relief to U.S. farmers and meat companies as they navigate trade disputes with major agricultural importers, including China and Canada, under President Donald Trump.

Beijing requires food exporters to register with customs to sell products in China.

Shipments continued to clear customs from facilities with lapsed registrations, but U.S. exporters were unsure how long that would last.

China's customs website earlier showed registrations for more than 1,000 U.S. meat plants granted by China under the 2020 "Phase 1" trade deal lapsed on Sunday. That was roughly two-thirds of all those registered.

The trade deal ended the previous U.S.-China trade war with a pledge from Beijing to boost its purchases of U.S. goods and services, including meat, by $200 billion over two years. China did not reach the target, which was agreed shortly before the COVID-19 pandemic hit.

The U.S. Department of Agriculture did not immediately respond to a request for comment. The agency previously said China did not respond to repeated requests to renew plant registrations, potentially violating the Phase 1 agreement.

"We're pleased to see progress on the pork facilities and hoping for similar news on beef as soon as possible," said Joe Schuele, spokesman for the U.S. Meat Export Federation.

The non-renewal for beef plants comes amid Beijing's attempt to rein in beef imports as it grapples with an oversupplied market.

Beijing imposed retaliatory tariffs on some $21 billion worth of American farm goods this month, including 10% duties on U.S. pork, beef and dairy.

In 2024, the U.S. was China's third-largest meat supplier by volume, trailing Brazil and Argentina and accounting for 9% of China's total meat imports. U.S. meat shipments to China reached $2.5 billion last year, making it the second largest exporter by value.

Exports of U.S. poultry products have suffered due to outbreaks of bird flu, but China remains an important market, Tyler said.

"We needed that market to stay open and these renewals were very important to that," he said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved