BEIJING (Reuters) – China will start allowing soybean imports from Ethiopia, the General Administration of Customs said in a statement on its website on Friday.
A worker looks on as imported soybeans are transported at a port in Nantong, Jiangsu province, China August 6, 2018. REUTERS/Stringer
The move will diversify soybean imports origins for China, and help meet domestic demand, the statement said.
Beijing is seeking more sources for soybean imports and finding alternative protein sources to replace soymeal to reduce its reliance on U.S. beans, as the world’s top two economies remain locked in a trade war.