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Haikou Jiangdong New Area
Trade

Argentina, China ink soybean meal deal

September 12, 2019


Abstract : Argentina and China on Wednesday signed an agreement that paves the way for Argentina's soybean meal exports to the Chinese market.

BUENOS AIRES, Sept. 11 (Xinhua) -- Argentina and China on Wednesday signed an agreement that paves the way for Argentina's soybean meal exports to the Chinese market.

Argentina's Minister of Agro-Industry Luis Miguel Etchevehere called the agreement a "historic achievement."

"Argentina and China are prepared to exchange all kinds of (agricultural) products, providing the country (Argentina) with a great opportunity to enter the world's biggest consumer market for vegetable protein for cattle feed," Etchevehere told reporters covering the event.

Bilateral cooperation in agro-industry plays a key role in the comprehensive strategic partnership between Argentina and China, said Etchevehere, adding "we continue to see room for growth in ties."

Argentina expects to export some 5 million tons of soybean meal to China in early 2020, according to Argentina's Agriculture Ministry.

China is Argentina's second-largest trade partner and Argentina's biggest export market for agricultural goods.


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