As always, decisions about Chinese international trade come in a trickle, without much detail, in the style of the government in not generating immediate speculative movements by global suppliers.
But, invariably, they show the firm management of national interests, guided by pragmatism, regardless of ideological issues, or even contradicting assumptions seen in the West about the country’s dependence on food imports.
In the first case, the decision communicated on Friday was one of those, without further explanation, regarding the extension of the exemption to imports of American products, at a point where political disputes are at their peak with the administration of Joe Biden.
Beijing announced that it will continue to benefit several products from the United States for another six months, in a set of items that includes products that were released in phase I of the agreement signed between Donald Trump and Xi Jinping and that have had reduced import taxes since then.
Pork, for example, paid 12% and then started to pay 8% to enter China.
Various technological components and fine chemicals are on the list, as long as they are not embargoed by US authorities.
Brazil was a recent target of the commercial management of Chinese interests. Faced with the proverbial need for imports of Brazilian beef, the government extended for more than 3.5 months the ban on the national product, after the mad cow cases.
The country didn’t even care about the diagnosis by the World Organization for Animal Health, attesting that animals in Brazil had the “atypical” disease, free from contagion in humans, and surprised the whole world that did not expect it to take so long to lift the embarrassment .
Certainly China had looser stocks – which no one ever knows – and took the opportunity to pass the message on to the Brazilian government, which is always critical of its trading partner, while controlling the appetite of suppliers for higher prices.
Source From: Moneytimes
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