The complaint, the 15th filed against China by the Obama administration since 2009, argues that China is not “transparent, predictable or fair” in its administration of tariff-rate quotients, which protect its domestic farmers by taxing imports at a higher rate.
ByJelter Meers/The Midwest Center for Investigative Reporting |
The United States filed a complaint Tuesday against China for violating World Trade Organization commitments by excessively subsidizing its corn, wheat and rice production — hampering the global sale of American commodities in the process.
Monsanto claims it has come up with a way to physically make ears of corn an inch or two larger. If that turns out to be true – and if the new variety successfully makes it through the coordinated framework for biotechnology – it would be a big deal for the U.S. corn industry.
On Wednesday, 42 senators signed their names to a letter addressed to President Barack Obama. The letter pressed the president to prioritize biotech approvals with China’s leader, President Xi Jinping.
ByClaire Everett/Midwest Center for Investigative Reporting |
As China has rapidly shifted from a rural society to a more urban society, U.S. meat-production companies have looked to capitalize on new business opportunities. Tyson Foods Inc and Cargill, two of the largest poultry producers in the world, have already established production plants in China. However, some experts say that business abroad has not been profitable yet and that companies are looking to further control their foreign operations.