Business · Trade · 14 hrs ago
US farm businesses secure deals at China import expo
At the ninth China International Import Expo in Shanghai, US food and agriculture businesses are showcasing their products to Chinese buyers.
The Shanghai American Chamber of Commerce and the US Department of Agriculture brought dozens of US trade groups and small businesses to the event, their fourth joint effort there.
On the pavilion’s opening day, three companies agreed deals worth more than $600 million.
Chamber president Zheng Yi said many US small businesses are interested in China but do not know how to enter its market.
Exhibitors include ginseng growers adapting products for younger consumers and Indiana soybean farmers seeking buyers and information about demand.
The expo offers US businesses a way to connect with buyers in a major, competitive market, while some participants say more stable US-China relations would help trade; no further steps were announced.
Three US companies secured deals worth more than $600 million on the opening day of the US Food and Agriculture Pavilion at China’s import expo.
The Shanghai chapter of the American Chamber of Commerce and the US Department of Agriculture organized the pavilion for dozens of US trade groups and small businesses.
The chamber’s president said the expo helps US small businesses see opportunities in China and find ways to enter its market.
US ginseng and soybean representatives said they were seeking to grow business and connect with Chinese buyers.
Participants called for more stable US-China relations and less uncertainty in trade.
- Who
- Three US companies made deals at the expo; the US Food and Agriculture Pavilion included dozens of US trade groups and small businesses.
- What
- The companies secured deals worth more than $600 million.
- When
- On November 6, the pavilion’s opening day. The expo was in its ninth edition.
- Where
- The China International Import Expo in Shanghai, China.
- Why
- The pavilion aimed to help US businesses access the Chinese market, and soybean representatives sought contacts with buyers and information about demand.
This story does not have two clearly opposing sides.
Larry Rusch’s father came to China to promote soybeans.
Rusch’s son came to China to develop the family’s market.
The US Food and Agriculture Pavilion opened at the expo, and three companies had secured deals worth more than $600 million.
China News Service published its report from the expo.
- Deal value
- More than $600 million
- Companies with deals
- Three
- Pavilion organizers
- American Chamber of Commerce in Shanghai and US Department of Agriculture
- Businesses and trade groups
- Dozens
- Expo location
- Shanghai, China
- Expo edition
- Ninth
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What people are saying
We hope that as bilateral relations continue to improve and become more stable, we can be in a more favorable position.
I hope US-China trade can reduce uncertainty and US-China relations can become more stable.
Continue to work to maintain and develop bilateral relations so that all parties involved in trade benefit.