USEUROPEAFRICAASIA 中文雙語Fran?ais
    China
    Home / China / Africa

    COFCO commits to Belt and Road Initiative

    By Zhong Nan | China Daily Africa | Updated: 2015-06-07 15:52

    The head of China National Cereals, Oils and Foodstuffs Corp, the country's largest food trader, has committed to deploying resources and manpower along the Belt and Road Initiative routes over the next five years to help ensure China's food supply at home and to its key markets overseas.

    The Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives were put forward by President Xi Jinping in 2013, with the purpose of rejuvenating the two ancient trading routes and further opening up markets.

    Ning Gaoning, chairman of COFCO, says even though the initiative is still in its early stages of development, it has strong implications for many nations along the routes that count on agriculture and international agribusiness collaboration.

    Ning says many countries along the routes are key global grain producers, and COFCO will continue to seek investment and collaboration opportunities with them within the next five years.

    COFCO commits to Belt and Road Initiative

    "Chinese agribusiness companies should be pioneers in advancing agricultural modernization. We cannot just rely on the old ways of expanding production," says Ning.

    "Only more flexible 'going global' strategies can ensure China's food security, as well as meet the rising demand of some countries for high-protein and nutritious food."

    The latest data from the Washington-based International Food Policy Research Institute show that Russia, Ukraine and Kazakhstan, for instance, increased their share of the world's total corn and wheat output in 2014 by 20 percent.

    The institute also says the Association of Southeast Asian Nations, particularly Malaysia and Indonesia, account for 90 percent of the world's palm oil, while Laos, Cambodia and Thailand commanded 60 percent of global rice exports.

    The central government's latest agricultural policy has highlighted international collaboration, modernizing agriculture, and food safety as this year's key industry priorities.

    Last year, COFCO invested $1.5 billion for a 51 percent stake in the agribusiness operations of Hong Kong-based Noble Group, and reached agreement with the Netherlands-based agricultural and commodity trading group Nidera BV to acquire 51 percent of its stock, which will see a fully integrated value chain created between the companies.

    The acquisitions mean COFCO now holds more than $70 billion of assets and has storage capacity of 15 million metric tons in more than 60 nations. Its total food processing capacity has reached 84 million metric tons and it is capable of shipping 44 million tons of agricultural products via various ports around the world.

    Yu Xubo, president of COFCO, says the company is keen to continue building grain and other agricultural product supply chains, particularly with countries in the Black Sea regions and South America, the world's two biggest grain-producing areas. He also said it is keen to open more import channels in North America.

    "Assisted by favorable policies offered by various bilateral or multilateral free trade agreements such as the Regional Comprehensive Economic Partnership, the China-Australia, and China-New Zealand free trade agreements, we will continue to seek more investment opportunities with countries along the Belt and Road," says Yu.

    Ding Lixin, a researcher at the Chinese Academy of Agricultural Sciences, says agribusiness is a long-term industry and Chinese companies expanding overseas should pay close attention to brand building to minimize risk.

    Considering national legal and political conditions and food safety standards are also crucial before deciding to invest in any country, says Ding.

    zhongnan@chinadaily.com.cn

    Polar icebreaker Snow Dragon arrives in Antarctic
    Xi's vision on shared future for humanity
    Air Force units explore new airspace
    Premier Li urges information integration to serve the public
    Dialogue links global political parties
    Editor's picks
    Beijing limits signs attached to top of buildings across city
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    中文字幕无码人妻AAA片| 88国产精品无码一区二区三区 | 国产精品无码不卡一区二区三区| 在线中文字幕一区| 国产成人无码久久久精品一| 无码人妻精品一区二区三区99性 | 久久久久久亚洲Av无码精品专口| 狠狠综合久久综合中文88| 无码人妻少妇伦在线电影| 亚洲国产一二三精品无码| 久久丝袜精品中文字幕| 无码国产亚洲日韩国精品视频一区二区三区 | 中文无码久久精品| 99精品一区二区三区无码吞精| 国产成年无码久久久免费| 亚洲激情中文字幕| 色噜噜亚洲精品中文字幕| 黑人无码精品又粗又大又长| 无码av最新无码av专区| 成在人线av无码免费高潮喷水| 中文在线最新版天堂8| 最近中文字幕在线中文高清版| 国产麻豆天美果冻无码视频| 人妻无码一区二区不卡无码av| 亚洲啪啪AV无码片| 亚洲中文字幕无码一久久区| 中文字幕日韩三级片| 成人无码一区二区三区| 无码人妻精品一区二区三区久久| 中文字幕精品无码一区二区三区| 中文字幕九七精品乱码| 日本一区二区三区不卡视频中文字幕| 中文字幕日本人妻久久久免费| 无码精品蜜桃一区二区三区WW | 久久久久亚洲av成人无码电影| 国产在线无码不卡影视影院 | 精品视频无码一区二区三区| 少妇人妻偷人精品无码视频 | 久久亚洲AV永久无码精品| 精品久久久久久无码人妻蜜桃| 99无码熟妇丰满人妻啪啪|