China will comply with WTO ruling on agricultural TRQs by the end of 2019

China and the U.S. have agreed that China will have until Dec. 31 to implement the recommendations of a World Trade Organization dispute panel that sided with the U.S. in finding Beijing improperly administered its agricultural tariff-rate quotas. The U.S. instigated the case against China in 2016, accusing Beijing of failing to properly apply its TRQs for rice, corn and wheat in line with WTO rules, which led to them being underfilled in some cases. The panel sided with the...