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China sets sugar import quota for 2007

(Xinhua)
Updated: 2006-10-09 13:48

China has set its 2007 import quota for sugar at 1.945 million tons, the Ministry of Commerce (MOC) announced Monday.

Any company with a good customs, foreign exchange, tax and quality control record can apply for a share of the quota, but 70 percent will be reserved for state-owned companies, according to the announcement.

To qualify, non-state-owned firms must have a daily output of over 600 tons, registered capital of more than 10 million yuan (1.25 million U.S. dollars) and annual sales of over 200 million yuan.