The World Trade Organization has established a dispute panel requested by China. That group will determine whether China complied with an earlier WTO ruling regarding the administration of its tariff rate quotas on U.S. wheat, rice and corn. U.S. Wheat Associate’s Steve Mercer says that dispute panel process will take some time but the hope is it will make China be more transparent and fair with their trade.
He says currently there’s a lot of uncertainty regarding the Chinese wheat market.
Mercer says the current phase one trade agreement with China has led to good sales of U.S. wheat to that nation but getting this WTO issue cleared up could help that more as well as future trade.
The U.S. says it is willing to work with China on the TRQ resolution but doesn’t believe they’ve complied with the WTO ruling and are not being fair in their administration of those TRQs..
