The country of France is planning to boost their export of agriculture and food products to the world’s most populated country, China. This has emerged from the French Minister of Foreign Trade, Nicole Bricq during a news briefing in Beijing, the capital of China. Two of the French officials including the French Finance Minister Pierre Moscovicis have visited China. Both of the visits are said to have paved the way for the visit of the French President, Francois Hollande also within this year.
According to the Minister during the news briefing, her purpose of visiting the country was to explore the trade areas like agriculture and food processing. France would also include strengthening their cooperation in the nuclear and the power aviation. The Minister also said that the country of France hopes to boost the trade of various dairy and meat products with China, including wine.
In response to France export plans with China, Chen Xingdong, the managing director and chief economist at the BNP Paribas China Ltd. said, “China’s agricultural industry has entered a transformation period. More technology will be introduced to increase output and solve food safety concerns, and France has advanced agricultural technology.”
Minister Bricq together with the French Minister for Agriculture and Food, Guillaume Garot formed an Asian Committee for the purpose of promoting French food export products because the world’s demand would be expected to increase by a quarter by the year 2022 and China’s imports will also grow annually by 10 %.
The French Ministry of Finance said that France trade deficit with China has reached 27 billion euros in the year 2011 and according to the General Administration of Customs, “In 2012, trade between China and France dropped 2 percent year-on-year to $51.02 billion.”