China turns to France for beef imports amid Sino-US trade tensions
2018-06-27 10:05:28 source:Global Times
June 26, 2018
China is restarting beef imports from France, a move that might lead to a shrinking slice of the market for US beef amid unstable trade relations between China and the US, experts said Tuesday.
China signed an agreement on Monday with France on beef imports, according to a Reuters report, citing an unidentified Chinese official who was announcing the agreement.
According to the official, the deal was about hygiene and inspection requirements for French beef.
"China is the second largest importer of beef in the world…so for us, it is a big market of course. Moreover, China's middle class is 300 million people, which is comparable to the total population of the EU (500 million people), which shows again the potential," Dominique Langlois, chariman of Interbev, representing the entire French cattle and beef production industry, from farm to table, told the Global Times on Tuesday.
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