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BEIJING, Aug 31 Asia Pulse - China's State Development and Reform Commission (SDRC) and the Ministry of Commerce (MOC) jointly issued the Notice on Redistribution of Import Quotas for Agricultural Products in late August, with contents as follows:
1. If the import contracts signed by end consumers that hold 2004 import quotas for wheat, maize, rice, soybean oil, rapeseed oil, palm oil, edible sugar and cotton fall short of the quota in amount, or the contracts have been signed but cannot be completed (meaning goods being shipped from original shipping ports) before the end of the year, they are required to return the remaining quota amount to provincial (regional, municipal, and cities under direct planning of the State) development and reform commission or commercial departments (foreign trade and economic cooperation departments) before September 15. SDRC and MOC will redistribute these quotas. For those that have not returned unused quotas, SDRC and MOC will deduct the amount correspondingly from the 2005 import quotas allocated to them.
2. For end consumers that hold 2004 import quotas but have used it all (they are required to submit a copy of import declaration) and new consumers that are qualified to apply for but did not apply for the 2004 quota, they may apply for redistribution of quotas with provincial (regional, municipal, and cities under direct planning of the State) development and reform commissions or commercial departments (foreign trade and economic cooperation departments).
3. The applicants are ...