China Has Become the Third Largest Country in Trade of Agricultural Products

The total trade volume of China’s agricultural products’ rose from 27.91 billion USD in 2001 to 121.96 billion USD in 2010, up by 3.4 folds.

According to the Ministry of Agriculture, China’s agricultural products’ trade volume rose from 27.91 billion USD in 2001 to 121.96 billion USD in 2010, up by 3.4 folds, achieving an annual growth rate of 17.8% and making China the third largest country in trade of agricultural products. At present the total turnover of agricultural products takes up as high as 20% of the agricultural added value, making a positive contribution to the development of the agriculture and rural economies. 

Ministry of Agriculture officials said that in the past 10 years China has opened further the agricultural product market and adjusted the agricultural policy under the WTO framework, all these measures has deepened the reform in agriculture and rural areas. Besides, it has quickened the step in adjusting the structure of agriculture and industry and of urban and rural areas, raised subsidies for farmers and brought them tangible benefits, and put more effort to support the agricultural production and improve the agricultural support policy system. Moreover, China starts to straighten out and revise relevant laws and regulations on agriculture in accordance with the WTO rules, altogether modified 5 law documents and abolished 26 regulations and regulatory documents inconsistent with WTO rules. As a result, now the implementation of various laws and regulations becomes more transparent.

Ever since China’s entry to WTO, China’s overseas agricultural investment body become increasingly diversified, its overseas agricultural operation area expanded, its scale enlarged and the cooperation and development of the overseas agricultural resources has been carried out steadily. At the same time, through participating in the international competition, China’s agricultural product quality and safety system is improving over time: the agricultural products’ standards, basic construction and authentication system are constantly strengthened. As a result, the quality and safety standard of the agricultural products have witnessed significant improvement.

The officer points out that since its entry to WTO, China has been an active part in the decision-making procedure of multilateral trade rules, which has greatly improved its influence in the world. China becomes more competent in using the WTO rules to protect and promote the development of the domestic industry. From our wining of the “double reverse case” of Broiler Products to our positive participation in the double reverse case of the potato starch and appearance in warmwater shrimp cases, we have successfully safeguarded the interests of our domestic industry.

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