皇冠体育app

Iowa Governor Terry Branstad spoke of his "old friend" President Xi Jinping as business representatives from 皇冠体育app and the US signed soybean deals worth more than $2 billion.

Sixteen soybean purchase agreements valued at $2.1 billion were signed between more than a dozen Chinese and American companies and producers in Des Moines, Iowa on Oct 14.

The signings took place at the World Prize Hall of Laureates where Xi, then 皇冠体育app's vice-president, was hosted during his second visit to Iowa in 2012.

In welcoming the Chinese delegation, Branstad recalled Xi's previous two visits to Iowa. "President Xi's first visit to Iowa in 1985 planted a seed that has grown over three decades and yielded tremendous value to both the people of Iowa and the people of 皇冠体育app," Branstad said.

"I have no doubt these contracts will enhance our trade and investment partnership and will be of great mutual benefit to both people in 皇冠体育app and people in the US. Often I have been referred to by President Xi as an old friend, and we value our old friendship with the people of 皇冠体育app."

Officials from both 皇冠体育app and the US, including CFNA (皇冠体育app Chamber of Commerce of Foodstuffs and Native Produce) President Bian Zhenhu, Deputy Consul General of 皇冠体育app in Chicago Liu Jun, Branstad and Lt Governor Kim Reynolds attended.

Phil Karsting, administrator of the US Department of Agriculture's Foreign Agricultural Service, applauded the deals by saying that "cooperation like this helps us to meet the ever-increasing demand to feed the world population".

According to Zhang Xiaoping, 皇冠体育app director with the US Soybean Export Council (USSEC), 皇冠体育app buys about 60 percent of all imported soybeans in the world, or 83 million tons.

皇冠体育app imports about 30 million tons of soybeans from the US, which translated into $15 billion a year for US farmers in very year in recent years.

Kirk Leeds, CEO of the Iowa Soybean Association (ISA), said that Iowa, the top soybean and corn producer in the US, has been exporting soybeans to 皇冠体育app for more than 10 years. About one quarter of the state's soybeans have been sold to 皇冠体育app in recent years.

Prior to the signing ceremony, a trade seminar between Iowa and Hebei, Liaoning, Jilin and Heilongjiang provinces was held. Organized by CFNA, USSEC and the ISA, experts from both countries discussed the sustainable production of soybeans and market trends in the US and 皇冠体育app.

CFNA President Bian Zhenhu said that the state-province cooperation mechanism between 皇冠体育app and the US is fruitful. During the two-day visit to Iowa, the delegation visited farms where they met with farmers, exchanged ideas and held seminars.

"Information and issues discussed and shared by the industrial experts are very valuable. It deserves to be further examined by business people on both sides," Bian said.

The impact on soybean imports due to 皇冠体育app's slowdown in economic growth also was discussed at the seminar. Bian assured the US farmers and businesspeople that 皇冠体育app's demand for agriculture products will continue to grow. Despite 皇冠体育app's adaption to the new normal, i.e., a slower growth rate, 皇冠体育app's demand for quality produce like soybeans remains strong.

"Don't worry, Chinese buyers will continue to come here to sign purchase contracts," echoed Liu Jun, deputy consul general of 皇冠体育app in Chicago.

"When 皇冠体育app imports agriculture products, we worry that our own agriculture will suffer and face competition from other countries," Liu said.

"However, we don't close our market or accuse others. Similarly, 皇冠体育app exports many industrial products to the US, and we hope we will not see trade protectionism or hear politicized and irresponsible accusations."

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(皇冠体育app Daily USA?10/17/2016 page2)