Tariff policy helps boost agricultural production News

Liangyun Agriculture Product Development Co is one of the food processing enterprises operating in Suifenhe Unified Free Trade Area (FTA). To make the most of its tariff reduction policy, a Russian company cultivates 10,000 hectares of corn and soybeans, then ships the harvested raw material to China. After the harvest is processed, the resulting products, including vegetable oil and fertilizer, are delivered to customers in Harbin, the capital of Heilongjiang province.Li Chengguo, chairman of Liangyun Agriculture Product Development Co, says the tariff reduction policy helps reduce the cost of finished products by up to 4%, which is a big plus considering the company processes 400 metric tons of soy per day and produces 300,000 tons of fertilizer per year. Customs duties on maize can reach 65% if importers exceed the annual grain quota. “This favorable policy has enabled us to speed up production,” he said.Pan Hongqiang, general manager of the company, told local news site dbw.cn that demand for fertilizer in January, ahead of the Spring Festival, was so high that the company’s production capacity was exceeded. . To increase production, without waiting for the end of the national holiday in honor of the Chinese New Year, the company called on employees to return to work.The Asia-Pacific Economic and Trade Corporation, which processes sea cucumbers and other seafood, is fishing near the Russian island of Sakhalin. Fuwang Food sources flour from Russia and uses it to make noodles which are packaged in Suifenhe. In the free trade zone covering an area of ​​18,000 square kilometers, agricultural products are deeply processed, and as a result, the consumer receives a variety of products ranging from biscuits to vegetable oil.The expansion of cross-border food processing enterprises is one of the economic policies of Heilongjiang, as a major grain region focused on expanding its agricultural sector and developing cooperation with Russia, which has vast areas of farming lands.A recent report in the Heilongjiang Daily newspaper said the province took advantage of the opportunities offered by the Belt and Road Initiative, of which Russia is also a member, and ultimately benefited greatly. Therefore, Heilongjiang, as one of the main beneficiaries of Russian-Chinese agricultural cooperation, has actively developed joint activities in recent years: from grain cultivation to animal husbandry, to fertilizer processing. , storage and logistics.