China imports more beef and frozen products to Lithuania

published: 2018-09-17 at 18:48

Judith Grigelyt

Photo by Judith Grigelight (V)

China is ready to import more beef from Lithuania and produce grain products after meeting with Zhong Shan, Minister of Commerce of the People's Republic of China, says Virginijus Sinkevičius, Minister of Health in Beijing.

Lithuanian food producers will be on the Chinese market, but until now only exporting dairy farmers. today at a meeting sup Shanu agreed to strengthen mutual trade, and China is ready to import more Lithuanian food of its origin, including beef and vegetables, produced by the Ministry of Culture in a report that has been distributed in its report . Sinkeviius.

According to him, a large Chinese market is focused on the export of a large number of world markets, therefore competition requires the marketing of business investment, time to understand the needs of the market. Nevertheless, even a very small part of the market can increase the sales volume. Moreover, in the long term the importance of the Chinese market will only increase.

In order to encourage the creation of an alternative market place for companies, Invega provides export credit guarantees for the export of goods of Lithuanian origin, where the risk of non-settlement is high, and Lithuanian exporters can sell goods with deferred payment, up to 90% of to cover the loss that has arisen due to the insolvency of the buyer. The measure also applies to Chinese exporters, so that business risks are kept to a minimum, according to the Minister.

In 2017, exports from Lithuania to China increased by 46% to 180 million in 2016. EUR. Lithuania exported mainly bare and parts, wood, lasers and other optical devices, engines and turbines, peat, plumbing equipment.

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