MARA and the Export-Import Bank of China (China Eximbank) have renewed a strategic partnership agreement recently to press ahead with international cooperation in agriculture.
Under the renewed strategic partnership agreement, MARA and China Eximbank will conduct cooperation focusing on support for the import and export of agricultural produce, overseas investment by Chinese agricultural enterprises, development of modern agricultural system, growth of new-type agricultural businesses as well as relief for agricultural enterprises affected by the COVID-19.
Since entering into the strategic partnership in 2008, the two sides have supported a number of Chinese agricultural enterprises evolving in international agricultural cooperation in access financing. The renewed agreement is expected to harness the complementary strengths of both sides and give full play to the steering role of a joint coordination group. A two-way recommendation mechanism shall be established to facilitate financial service and boost agricultural and rural development.