American farmers just scored a major win at the 7th China International Import Expo (CIIE), inking deals worth $711.4 million with Chinese partners—a whopping 40.9% jump from last year! With 14 U.S. exhibitors repping 31 organizations, the pavilion buzzed with deals that highlight how agriculture is bridging ties between the two economic giants.
\"Agricultural cooperation is just the beginning,\" said AmCham Shanghai Chair Allan Gabor, hinting at future collabs in biosecurity and sustainability. U.S. Soybean Export Council CEO Jim Sutter called China a \"critical partner,\" while USDA's Jason Hafemeister emphasized commitment to stable trade. Talk about #FarmGoals!
And here's the tea: CIIE 2024 smashed records with $80.1 billion in tentative deals globally. For U.S. farmers, this expo isn’t just about soybeans—it’s a gateway to China’s massive consumer base. As AmCham’s Eric Zheng put it, \"CIIE is *the* stage for American products.\"
Bottom line? When it comes to trade, these deals prove that collaboration > competition.
Reference(s):
cgtn.com