China to continue opening-up policy in agricultural sector

The Communist Party of China reiterated on Sunday it would continue opening up the country's agriculture sector.

In a document unveiled by the CPC Central Committee, the Party said it would encourage labor-intensive and technology-intensive exports and allow moderate imports that were in short supply in the domestic market.

The government would intensify its studies and information service on the international market, as well as strengthen supervision over customs quarantine, it said.

To better utilize foreign investment, the Party will encourage more foreign companies to invest in the agriculture sector and complete regulations in line with the World Trade Organization's rules for foreign capital admittance to the market.

It would also create a safety measure for rules pertaining to foreign entities buying domestic agricultural companies, it said.

China will develop international agricultural cooperation under a coordinated plan while cultivate agricultural transnational enterprises, according to the document.

China would actively participate in making trade rules and standards for international agricultural products to promote a fair and rational trade order, the document said.


Source: Xinhua