In a significant move to ease trade tensions, China’s General Administration of Customs (GAC) announced on Friday the revocation of its earlier suspension on soybean exports from three US companies, including CHS Inc. The decision, effective from November 10, reinstates the export eligibility of these firms. This development follows a thorough evaluation of corrective measures implemented by the US, aligning with China’s domestic laws, regulations, and international phytosanitary standards. Additionally, the GAC declared the termination of the import suspension on US logs, also effective from November 10. These actions mark a positive step in bilateral trade relations, reflecting mutual efforts to address trade disputes and foster economic cooperation.
