China: RCEP Expected to Expand Regional Ag Trade

  |   Attaché Report (GAIN)   |   CH2023-0025

China’s two-way agricultural trade with members of the Regional Comprehensive Economic Partnership increased to $123.5 billion in 2022, one year after the regional free trade agreement came into force. The trade growth is not directly attributed to tariff reductions, most of which are scheduled to reduce over a span of 10 years. Rather, the non-tariff rules focusing on trade facilitation, accumulative rules of origin, E-commerce options, and investment appear to have supported trade development in the region and should likely continue. Changing trade flows could present future challenges in some commodity sectors for the United States.

Related Reports

On May 8, 2024, the Ministry of Agriculture and Rural Affairs (MARA) announced the issuance of new and renewed biosafety certificates for genetically engineered (GE) and gene-edited events.
Attaché Report (GAIN)

Australia: Dairy and Products Semi-annual

Milk production in Australia for 2024 is estimated to increase, for the first time since 2020, by 3.3 percent to 8.75 million metric tons (MMT). Industry confidence is elevated by high milk prices for dairy farmers over recent years and, also lower feed and fertilizer prices and broadly good seasonal conditions in 2024.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Rice export prices further increased 1-5 percent due to the strengthening of the Thai baht and tighter domestic rice supplies.