USDA Foreign Agricultural Service (FAS)’s Post

🌱 China—Eastern Europe Agricultural Trade: (Dis)Advantages and Policy Responses 🖊️ This study aimed to address the specific advantages of different countries by using a five-stage algorithm to calculate the Revealed Comparative Advantage (RCA), Relative Trade Advantage (RTA), Lafay (LI), and Domestic Resource Cost Advantage (DRC) indices for eight Eastern European countries and their trade with China in 37 categories of food and agricultural products. #Agriculturaltrade #Comparativeadvantage #Competitiveadvantage #Tradeadvantage #Foodsecurity 🔗 DOI: https://lnkd.in/gyJSS3xt ✉ Email: [email protected] 👩💼 Managing Editor: Ms. Wendy Zhang

Read Asia Society Policy Institute's latest report, "The Sino-Russian Land Grain Corridor and China’s Quest for Food Security", by Genevieve Donnellon-May, Research Associate, ASPI and Asia Society Australia, and Hongzhou Zhang, Assistant Professor at Nanyang Technological University Singapore's RSIS | S. Rajaratnam School of International Studies. They look closer at the world’s first specialized railway grain terminal — the New Land Grain Corridor (NLGC) — its importance for China’s pursuit of food security, and potential challenges and implications for the region and beyond. #China #Russia #Geoeconomics #Geopolitics #FoodSecurity Read the article: https://lnkd.in/eJzPmiir

JUST IN: China resumes importing Australian barley, providing a much-needed boost to farmers. This reflects efforts to rekindle trading relationships and presents new opportunities. Share your thoughts on this positive development. #China #Australia #agriculture #trade #TheReportify To learn more and read the complete story, click on this link. https://lnkd.in/gJTfasz4

As Africa’s agriculture sector continues to expand, the preferential trade access provided by the AfCFTA offers lucrative opportunities for the private sector to enter new markets within the Agriculture value chain. With the AfCFTA consolidating a single market generating a GDP of USD$3.4 trillion, the following strategic discussion will delve into how Africa’s food system can garner favourable market conditions to strengthen greater trade deals among African players. The African Agri Council NPC's Yolisa Nyoka chats to Dr. Mthandazo Ngwenya, Managing Director, Bigen Group about this pertinent topic. #MAA24

OIG News | Russia Continues to Expand Pork and Other Agricultural Exports to China During the morning of May 16th, President Xi Jinping held talks with #Russian President #Putin, who was visiting #China for a state visit. On the occasion of the 75th anniversary of the establishment of diplomatic relations between the two countries, the leaders of both nations jointly signed and issued a "Joint Statement on Deepening the Comprehensive Strategic Partnership in the New Era." One of the key points in the A Joint Statement on Deepening the China-Russia Comprehensive Strategic Partnership of Coordination for the New Era indicates the unlocking of significant cooperation potential in the #agricultural sector, aiming to expand market access for agricultural products between the two countries, particularly in #pork, aquatic products, fruits, vegetables, and other agricultural commodities. Furthermore, the statement highlights plans to strengthen cooperation in #customs affairs between China and Russia, with a focus on advancing the exchange of international trade through the "#SingleWindow" mechanism. This involves the application of modernized supervision mechanisms and automated management processes to facilitate trade, enhance transparency in import and export operations, and effectively combat customs-related illegal activities. According to statistics from #GACC, there are currently three #pork #plants in Russia authorized to export to China. These plants are: plant RU-068/YX03743 (LLC "Tambov Bacon"), plant RU-060/GQ01489 (OJSC VELIKOLUKSKY MIASOKOMBINAT), and plant RU-031/UR01668 (CJSC "SK Korocha"). In addition to #pork, Russia has also obtained approval to export #poultry and #beef products to China.

Mr. Omar Roushdy, International Business Development Director of GIT-ZONE International, spoke officially at the main panel discussions of trade and Investment forum in Intra-African Trade Fair IATF 2023 among a group of distinguished sparkers: - Mr. Daniel Njiwa, Director – Markets, Trade and Finance (AGRA) Sustainably Growing Africa's Food Systems. - Eng. Nasser M. Al-Thekair, General Manager, Trade & Business Development Department, International Islamic Trade Finance Corporation - Ms. Oluranti Doherty, Director, Export Development (Acting Director, Advisory & Capital Markets), Afreximbank. - Mr. Bertrand MARTIN, Senior Vice-President Africa at Bureau Veritas. The discussion panel was entitled "Ensuring Food Security through Agricultural Productivity and Intra-African Trade." explaining the challenges and investment opportunities to raise productivity and better develop intra-African and global agricultural value chains. It addresses the importance of focusing on attracting investments to boost agricultural output, focusing on the necessary improvements to increase the intra-African agricultural trade.   #iatf2023 #afreximbank #afcfta #financing #Agriculture #export #exportbusiness #Exportdevelopment #internationaltrade #export #businessexpansion #B2B #gitzone #gitway

Russia ready to make significant contribution to global food security — PM Mishustin Mikhail Mishustin added that Russia intends to develop international cooperation and is open to cooperation with all those who are ready for honest dialog EKATERINBURG, July 9/ Russia is ready to increase supplies of fertilizers and everything necessary for food security in the countries of Africa, Asia, the Middle East, and Latin America, Russian Prime Minister Mikhail Mishustin said on Tuesday. "We are ready to make a significant contribution to food security. Not just our own, but the world's. We are open to increasing supplies of everything our colleagues in Africa, Asia, the Middle East, and Latin America need - from fertilizers and agricultural machinery to food processing equipment and biotechnologies," he said. Mishustin also added that Russia intends to develop international cooperation and is open to cooperation with all those who are ready for honest dialog. "We intend to continue our active participation in forming the broadest possible international economic cooperation. We are open to everyone who is committed to cooperation based on the principles of mutual trust, respect, and consideration of each other’s interests," he said. Mishustin drew attention to the words of Russian President Vladimir Putin about his readiness to establish comprehensive technological and industrial partnerships with interested states on equal terms. The Prime Minister called strengthening ties with friendly economies a key priority. "There is a striking example -significant progress in strengthening integration in the Union State of Russia and Belarus. Mutual trade turnover has set another record. There are plans to open a number of joint production facilities in high-tech areas," he said. #business #finance #financialservices

Pakistan to Export Cherries to China in Landmark Trade Deal Description: In a significant development for Pakistan's agricultural sector, the country is poised to export cherries to China after reaching a landmark trade agreement. This deal marks a major milestone in strengthening bilateral trade ties and expanding market opportunities for Pakistani cherries in one of the world's largest consumer markets. The move is expected to benefit Pakistani cherry growers and boost the country's exports, fostering economic growth and diversifying its agricultural trade portfolio. With this new market access, Pakistan aims to capitalize on the growing demand for high-quality cherries and bolster its presence in the global fruit export market. Visit CxO Global Forum (https://cxoforum.global/) or CxO News Live (https://cxonews.live/) for all the latest updates.

Very important precedent for the Ukrainian producers! The fact is that no investigations were initiated in Ukraine during the period of 2022-2023. Accordingly, the Ukrainian producers were deprived of a right to use this legal tool to protect the Ukrainian market against imports. At the same time, imports are recovering, in some industries there is a significant increase in imports. So, the fact that the Interdepartmental Commission on International Trade and the Ministry of Economy of Ukraine have resumed their work is a very positive signal for the Ukrainian producers!