The Belt and Road Forum for Agricultural Investment under the theme of “Promoting Investment for Mutual Benefit and Win-win Development” was held in Nanning, Guangxi on September 21. Domestic and foreign governments and enterprises were invited to conduct introduction and investment promotion in the forum, providing a platform for mutually beneficial bilateral and multilateral agricultural cooperation and dialogue and exchanges for the business community.
Yang Yi, Director of the Foreign Economic Cooperation Center of the Ministry of Agriculture and Rural Affairs of the People’s Republic of China, pointed out that in April this year, the Ministry of Agriculture and Rural Affairs issued China Agricultural Outlook (2019 to 2028), which showed that the consumption of rice, corn, soybeans, vegetables, fruits, feed, etc. exceeded 100 million tons respectively. There is a huge demand for agricultural products such as sugar, edible vegetable oil, natural rubber and palm. It is estimated that the imports of dairy products will reach 21.73 million tons by 2028, the import of aquatic products will reach 7 million tons, the import of sugar will reach 64 million tons, and the import of edible oil will reach 1.75 million tons. The overall scale of China’s agricultural products import and export trade is expected to be further expanded.
The Foreign Investment Law of the People’s Republic of China, which was adopted in March this year, establishes the management system of the pre-establishment national treatment and negative list for foreign investment in the form of law for the first time, which not only simplifies the approval procedures for foreign investment in agriculture in China, but also shortens the negative list of market access. It demonstrates that the Chinese government will open China wider to the outside world with a more open posture, and create a fair, transparent and convenient legal environment for foreign investment in China. (He Jia)