(Source: CCTV News "Voice of China", 2024-12-28)

The Ministry of Commerce issued an announcement yesterday (27th) to investigate the case of guarantee measures for imported beef. According to the announcement, the Ministry of Commerce received the "Investigation Application Form for the Protection Measures of the Beef Industry of the People's Republic of China" officially submitted by applicants such as the China Animal Husbandry Association on behalf of the domestic beef industry, and decided to file a case for guarantee measures for imported beef from December 27, 2024.

Application form shows that my country's beef import volume increased sharply from 2019 to the first half of 2024, with its share of China's market from 20.55% to 30.90%, and its proportion relative to China's total production increased from 24.87% to 43.87%, making China's domestic industries have been seriously damaged. The applicant requests a safeguard investigation on imported beef.

Announcement of the Ministry of Commerce on Investigation of Case Investigation w88 casino gameson the Protection Measures for Imported Beef (Ministry of Commerce Website)

In recent years, the living standards of urban and rural residents have been continuously improving, and the consumption demand for beef is strong. Due to the large gap in beef prices at home and abroad, the import volume of beef continues to increase.

Zhu Cong: The core reason is that the price difference is relatively large. The domestic price, the data we monitor is about 66 yuan per kilogram, which is much higher than the international market, and the international market price is about 40 yuan.

Relevant person in charge of the China Animal Husbandry Association introduced that in the sluggish domestic beef cattle breeding market and most farms are in a loss, a large amount of imported beef is undoubtedly "injury". The prices of domestic beef and live beef have fallen rapidly, and beef is currently Prices have fallen to the lowest level in the past five years, and live cattle prices have fallen to the lowest level in the past ten years.

Tu Xinquan: Safeguard measures are one of the three trade relief measures allowed by the WTO. Trade relief measures refer to a temporary trade restriction measure that countries can implement when the import of a certain product in a country increases too quickly and cause damage to domestic industries.

According to the announcement of the Ministry of Commerce on the filing of a case for safeguards on imported beef, interested parties shall register with the w88 slotTrade Relief Investigation Bureau of the Ministry of Commerce to participate in this safeguards investigation within 20 days from the date of the announcement. Tu Xinquan introduced that according to data released by the WTO, from the establishment of the WTO on January 1, 1995 to the end of December 2024, 55 WTO members have launched a survey on safeguard measures, with a total of 437 cases, covering agricultural products and

Tu Xinquan: Compared with other countries, although it is a temporary import restriction measure, we are also very cautious in using it. So far, we have only launched two investigations on safeguard measures, one for steel. , at one point for sugar.

Announcement shows that this investigation will start on December 27, 2024, and will usually end within 8 months. It can be appropriately extended under special circumstances. Tu Xinquan introduced that unlike anti-dumping and anti-subsidy, relevant measures cannot be taken during the investigation of the safeguards; however, the issuance of the investigation announcement will play a role in stabilizing expectations for the domestic beef industry.

Tu Xinquan: Many trade orders are medium and long-term, because beef production has a time cycle, and some contracts may be long-term, such as signing a contract now will be next year. For export companies, seeing that China is launching a safeguards survey, it may take measures after several months of investigation in the next few months, which may w88 online sports bettinghave a certain expected impact on these related import and export companies.

As Tu Xinquan said, safeguards are after all, temporary trade restrictions. Looking to the long term, what measures should my country's beef industry take to gain the initiative in international competition?

Zhu Cong: Our country will continue to maintain the current pace of domestic production, but now the domestic supply is a bit oversupply, and the industry will be in an adjustment stage in the next 1 to 2 years. For farmers, our country will continue to promote large-scale support measures, encourage farmers with capable and conditions to continue to expand production, reduce the cost of beef breeding, and improve our own competitiveness.

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