French beef producers cheer deal to end China ban
Paris
FRENCH beef producers on Tuesday hailed a deal reached by President Emmanuel Macron and his Chinese counterpart Xi Jinping to end China's 16-year-old embargo on French beef.
The accord, which would allow French producers back into the huge Chinese market within six months, came as Mr Macron made a three-day visit to the country, his first destination in Asia as France's leader. The ban was imposed in 2011 as Beijing started closing off its markets to all European and later US beef imports in the wake of the "mad cow" disease scare.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Gold holds steady as investors focus on US Fed meeting
Chevron CEO expects ExxonMobil arbitration resolved in coming months
Oil falls more than US$1/barrel on Middle East peace talks, US rate cut doubts
Diamond giant De Beers is in the shop window, but the potential buyers are few
China State Shipbuilding to build 18 LNG ships for QatarEnergy
Shell earns US$1 billion a year from US crude trading, court filing shows