IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 28 Aug 2018 | Removal date: open ended

Import ban

In August 2018, the Argentine government announced in an official release that China had resumed importing soybeans from the South American nation, after a three-year lack of imports which was intended to 'boost the domestic industry in China'.

In a period of trade tensions with the US leading to increased tariffs on soybeans, China decided to turn to other locations in order to satisfy its import demand for the foodstuff.

Traditionally, Argentina had been the third or fourth largest importer into the PRC, after the US, Brazil and Russia, but in 2015 China had ceased imports from Argentina in order to bolster the domestic industry.

According to an official release, Argentina was chosen as an ideal candidate to make up for the lack of soybean imports caused by the dereliance on exports from the US in light of 25% extra tariffs instituted by the Trump administration.

AFFECTED COUNTRIES

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