The 7th China International Import Expo (CIIE) just wrapped up, and it's big news for US farmers! 🇺🇸🌏 American agricultural exhibitors inked deals worth a whopping $711.4 million with their partners in the Chinese mainland, marking a 40.9% jump from last year's $505 million.
This year, 14 US exhibitors representing 31 organizations showcased their products at the US pavilion. This is only the second time the US has participated at a federal government level, highlighting how crucial the food and agricultural sectors are in boosting strong US-China commercial ties.
According to the American Chamber of Commerce (AmCham) Shanghai, agricultural cooperation between China and the US is on the rise. Allan Gabor, chairman of AmCham Shanghai, believes there's great potential for more collaboration, not just in trading goods but also in areas like biosecurity and sustainability. 🌱🤝
Jim Sutter, CEO of the US Soybean Export Council, is super optimistic about the future. He sees China as a very important partner for the US soybean industry and is excited about strengthening the bilateral trade relationship.
Acting Deputy Under Secretary of the USDA, Jason Hafemeister, expressed the US government's commitment to keeping a healthy and stable trade relationship with China. He pointed out that there's plenty of room for future cooperation, especially in agriculture. 🌾🌍
On the Chinese side, Cao Derong, president of the China Chamber of Commerce of Import & Export of Foodstuffs, Native Produce & Animal By-Products, noted that imports from the US meet the needs of the Chinese market and boost income for American farmers. It's a win-win that lays solid ground for future cooperation. 🎉
AmCham Shanghai President Eric Zheng summed it up by saying that CIIE continues to be a vital platform for showcasing American products and services.
All in all, participants at the 2024 CIIE secured tentative deals valued at an impressive $80.1 billion, up 2% from the previous year. That's a lot of business! 💰🚀
Reference(s):
cgtn.com
