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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Argentina, China shore up trade relations AFP - Saturday, November 13 Send IM Story Print Argentina, China shore up trade relations Slideshow: Full Photo Coverage: Business & Economy BUENOS AIRES (AFP) - – Argentina and China vowed Friday to boost agricultural cooperation, establishing a joint committee to consider expanding Argentine exports to the Asian giant, officials said. "The Chinese minister welcomed the importance of this committee's first meeting as a great event for bilateral cooperation that will bring great contributions to world agriculture," Argentina's Agriculture Ministry said in a statement after a meeting of delegations from both nations. The talks came as Chinese Agriculture Minister Han Changfu visited the country. He is due to meet President Cristina Kirchner at the presidential palace on Monday. Agriculture Secretary Lorenzo Basso said talks would address direct seeding and certified agriculture, genetics and embryo transfer for cattle, as well as cattle used for milk and meat consumption. Changfu was scheduled to visit the Rosario Stock Exchange, an agribusiness hub. Argentina is the third largest supplier of agricultural products to China after the United States and Brazil, according to official statistics. In 2009, Argentine agricultural exports to China reached four billion dollars, exceeding the country's shipments to other Asian countries, the European Union and the other three Mercosur countries -- Brazil, Paraguay and Uruguay. Sales of soybean, poultry, cattle hides, peanut oil and other products to China have since grown, reaching 5.1 billion dollars by September. The South American country is the world's largest exporter of sunflower oil, a leading exporter of soybean oil and among the top five exporters of soybean and corn. More than a third of its exports are in agricultural products, which analysts say could fetch some 25 billion dollars during the 2010-2011 season. Earlier this year, trade relations soured when China suspended soybean oil imports from the South American nation for six months ending in October. Argentina is the world's largest exporter of soybean oil, and China is one of its biggest customers. It was seen as a retaliation to restrictions Kirchner's government imposed on imports last year, citing the global economic crisis, which resulted in reduced purchases of appliances and textiles from China, among others countries. China imports 70 percent of its soybean oil from Argentina; in 2009 it imported 4.6 million tonnes of the product, according to official data. Recommend Send IM Story Print Related Articles Don't ask too much of emerging economies, says China's Hu AFP - 19 minutes ago US-BUSINESS Summary Reuters - 29 minutes ago Qantas unsure when A380s will fly again: CEO Reuters - 29 minutes ago Nissan COO: high yen makes '11/12 profit rise tough Reuters - 51 minutes ago Russia, Japan, China firms in massive fertiliser deal AFP - 53 minutes ago News Search Top Stories Zsa Zsa Gabor rushed to hospital for blood clot Britain launches fresh drive on tax havens After Fed boost, global woes hit Wall Street 'Naked' airport scanners may be 'dangerous' Obama mounts strong defence of US economic policy More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended EU fines 11 airlines 800 million euros for air cargo cartel DNA test raises doubts over Texas man's execution Boeing blames Dreamliner fire on faulty power panel Asian Games open with China set to dominate EU heavyweights move to calm bond markets More Most Viewed » Alcohol more harmful than heroin, crack cocaine: study Toddler survives seven-floor fall in France Spectacular unknown species found in Amazon EU fines 11 airlines 800 million euros for air cargo cartel Be fit, have fewer colds: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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