China has set its 2007 import quota for sugar at 1.945 million
tons, the Ministry of Commerce (MOFCOM) 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
(US$1.25 million) and annual sales of over 200 million yuan.
(Xinhua News Agency October 9, 2006)
