China and Serbia on Tuesday [17 January 2017] signed a memorandum of understanding (MoU) on cooperation in agriculture. The MoU was signed in the Serbian capital Belgrade by visiting Chinese Minister of Agriculture Han Changfu and his Serbian counterpart Branislav Nedimovic…Full Article: China Daily Jan 2017

Key Point

  • The MoU will reportedly focus on developing Serbia’s meat, vegetable, and fruit processing industries. China’s Minister of Agriculture noted that increased bilateral cooperation/trade is possible via China’s Belt and Road Initiative and the “16+1” cooperation mechanism.

ChinaAg Comments

  • In July 2016, Bulgaria’s Deputy Minister of Agriculture and Food voiced his support of agricultural cooperation with China during a MoU signing between the Association for the Promotion of Agricultural Cooperation between China and the Central and Eastern European Countries (APACCCEEC) and the Bulgarian-Chinese Business Development Association (BCBDA).
  • In February 2014, Serbia’s Minister of Agriculture and Chinese investors visited the Budimka fruit processing plant (e.g. jams, juices, canned fruit) in Požega, Serbia. Budimka, based in western Serbia, was privatized in 2008, but has since undergone a restructuring process since 2010.
  • In September 2013, the 8th Agro-trade & Economic Cooperation Forum between China and Central-Eastern European Countries was held in Hefei, Anhui Province.
  • In the autumn of 2013, Chinese President Xi Jinping launched The Silk Road Economic Belt and the 21st-century Maritime Silk Road, a strategic initiative to boost the economic development and trade of countries lying along the South China Sea, Bay of Bengal, Arabian Sea, Indian Ocean, and Red Sea, as well as overland in Central Asia and Europe.
  • In May 2013, the State Secretary in the Serbian Ministry of Agriculture stated that Chinese entrepreneurs could invest in Serbian agriculture and food production companies as a means to penetrate the markets in which Serbia has free trade agreements with (e.g. the EU, Russia, and CEFTA).
  • Launched in 2012, Cooperation between China and Central and Eastern European Countries (aka the 16+1 mechanism) serves to promote economic trade between participating European countries and China. In 2012, China-CEE leaders met in Warsaw, followed by Bucharest (2013) and Belgrade (2014).

Hong Kong Trends

Similar Posts by ChinaAg

Spread the word. Share this post!