On February 3, 2026, Beijing released the annual No. 1 Document, outlining national strategies and measures related to agriculture and rural development. While food security remains the top priority, the focus has shifted from pursuing quantity increases to striving for improvements in quality. The document highlights the adoption of "new productive forces" such as artificial intelligence and robotics in agriculture. Additionally, it reiterates diversifying import sources and stresses the importance of coordinating agricultural imports with domestic production.
China's 2025 timber production is estimated at 144 million m³, an increase of five percent, due to the maturation of managed commercial forests. China's housing market downturn has significantly reduced wood demand, with new housing starts and commercial housing sales both experiencing substantial declines. The furniture industry faced challenges in 2025 due to intensified competition and U.S. tariffs. Wood product imports and exports declined in 2025, with imports decreasing due to high domestic production and weak demand, and exports impacted by competitive international markets and tariffs.
Mexico and the European Union are expected to sign the Modernized Global Agreement in 2026. The agreement significantly expands agricultural market access, removing tariffs on products from both parties, instituting improvements in customs and trade facilitation procedures, and imposing new rules on the use of geographic indications.
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