China, the Must Battle Ground of Key Producing Countries
By CnAgri2018-11-09 10:31:08 PrintKeywords:Sugar
China is the largest sugar importer in the world, the annual import is around 8-10% in global total. Meanwhile there is a huge self insufficiency, and there is a high dependence on international sugar source. The trade protection measures prevents key producers in the world to export to China, especially while there is oversupply in the world. China plays a crucial role in balancing global sugar trade, and all key producers try to export to China. Apart from Brazil, India is also actively developing relationship with China. India held a press conference in Beijing to promote its sugar in 2018. The Indian Government intends to export to China to ease its oversupply at its domestic market.
However Chinese Government is very firm in implementing protection measures. In mid July 2018 the Ministry of Commerce announced that since the aggregate share of import from countries (regions) (List of Developing Countries (regions) That Protection Measures Do not Apply) that export less than 3% each in the total is over 9%, the list of non-applicable countries (regions) would be abolished from 1st August 2018. Unified protection measures is applicable to all sugar import outside the quota. Therefore during the implementation period, it would be more difficult for international sugar to enter into China.
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