TARIFFS WILL SUPERBOOST NON-GMO GLOBALLY!
"CCTV: Does the soybean trade affect geometry?
Promote new soybean supply pattern."
2018-07-12
www.oilcn.com/article/2018/07/07_65405.html
"CCTV News: Experts said that the increase in US soybean exports to China and the lower competitiveness will promote the global supply pattern of new Chinese soybeans.
According to experts, the United States is the world's second largest soybean exporter. Exports accounted for 37% of global trade in 2017-2018. China is the world's largest importer of soybeans, accounting for about 60% of the global total. US imports of soybeans account for more than 60% of total US exports.
Wang Liaowei, senior economist of the National Grain and Oils Information Center: China's 25% import tariff on US soybeans will increase import costs, and the global soybean trade pattern will also undergo profound changes.
Experts said that 85% of the increase in global soybean trade in the past 20 years came from China, and China's demand in the future is still the main source of increasing global soybean trade.
Cheng Guoqiang, a professor at Tongji University: If we suppress US soybean exports to China, then we will give the world market a very radical signal, which will form the effect of so-called trade transfer. So the source of China's soybean imports, from the past, one-third of North America, two-thirds of South America, then it is possible to gradually move to this part of North America to the Black Sea region.
Experts said that as China continues to expand its openness, it will also attract more soybean producing countries to share the dividends brought about by the growth of China's soybean demand.
Li Guoxiang, a researcher at the Chinese Academy of Social Sciences: By lowering tariffs on Asian countries and other countries, we will further increase the import of these soybeans, the US CIF price plus our counter-trade tariffs, then this cost increases China's increase in other countries. Imports will also stimulate the expansion of soybean production in other countries." ~. Quoted Google translation.
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