LITTLE ROCK, AR (KAIT) - A decision by a panel of the World Trade Organization on crop trade between the United States and China will be a benefit to the state’s farmers, with current rules harming farmers access to the market in China.
According to a report from content partner Talk Business & Politics, the WTO dispute settlement panel ruled that China had administered its tariff-rate quota for wheat, rice and corn in an inconsistent manner.
United States trade officials said the decision is a win for farmers, while a state Farm Bureau official said more needs to be seen.
“This second important victory for the United States further demonstrates that President Trump will take all steps necessary to enforce trade rules and to ensure free and fair trade for U.S. farmers. The administration will continue to press China to promptly come into compliance with its WTO obligations,” Trade Representative Robert Lighthizer said.
“We’re happy to see the WTO ruling. It should have a positive impact on growers ... We’re never had a fair shake,” Arkansas Farm Bureau Director of Government Affairs Matt King said. “It’s going to force China to have more transparency.”
However, King said it was uncertain how the ruling would impact the trade issues between both countries, Talk Business & Politics said.