What to expect from ASEAN - China agricultural cooperation?

Regulation & Compliances
Innovation & Technology
Published Apr 19, 2024

Tridge summary

The article highlights the growing significance of ASEAN-China agricultural cooperation in enhancing regional and global food security. It points out the substantial increase in agricultural trade between China and ASEAN, with China emerging as the largest importer of the bloc's agricultural products. This cooperation aims to boost agricultural productivity, stabilize food markets, and potentially achieve a bilateral trade volume of $100 billion by 2030, despite facing challenges like extreme weather, food nationalism, and geopolitical tensions. The article also discusses strategic initiatives such as the 'Food Silk Road', which seeks to fortify agricultural ties and ensure food security through investments, technology transfer, and joint research.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Source: ASEAN-China agricultural cooperation can address regional and global food security concerns Some argue that, besides enhancing agricultural productivity and supply, cooperation between ASEAN and China can also help maintain stable food markets in the region. Two-way agricultural trade is showing a boom recently. From 2000 to 2022, the volume of China's agricultural exports to ASEAN countries jumped from $1.52 billion to $61 billion, making China the bloc's largest importer. Southeast Asian countries are among the top exporters of agricultural products such as palm oil, grains, sugar and rice to China. In 2022, agricultural exports of regional countries to China will reach nearly 37 billion USD, accounting for 15.7% of China's total agricultural imports that year. Local agricultural production plays a vital role in Southeast Asia, accounting for more than 20% of GDP in countries such as Laos and more than 40% of employment in Myanmar and other ...
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