Liangjiang company reaches cooperation agreement with agricultural giant

Representatives of Chongqing Free Trade Port Area Group and Chongqing Hengdu Agricultural Group sign a strategic and business cooperation agreement. [Photo provided by Chongqing Free Trade Port Area Group]

Chongqing Free Trade Port Area Group signed a strategic and business cooperation agreement with Chongqing Hengdu Agricultural Group on July 4 to expand the scale of frozen food trade, enhance cooperation in commodity sales, and develop the western China import frozen food trading market.

This year, it aims to achieve 2 billion yuan ($275.18 million) in total imports, and within three years, to reach 30 billion yuan in total trade.

Feng Jiyu, president of Hengdu Agricultural Group, said that the group has established a complete industrial chain in the cattle industry, covering breeding, cattle farming, feed production, live cattle trading, slaughtering and deep processing, cold chain transportation, scientific research and development, and marketing.

It has successfully imported live cattle from Australia and realized regular bulk imports of beef from Canada, Brazil, Argentina, Uruguay, and other countries. The group has become a leader in China's cattle industry integrating primary, secondary, and tertiary industries. It has been honored as one of China's top 500 agricultural enterprises and its products have been recognized as national famous and excellent agricultural products.

Yan Wei, chairman of Chongqing Free Trade Port Area Group, emphasized that the signing of this agreement is not only an example of cooperation between enterprises, but also an alliance between industry and region.

Both parties will leverage the Lianglu Guoyuan Port Free Trade Zone's advantages in multimodal transportation, including water, rail, and road, as well as multiple platforms and channels to expand profitability and seize the market.

They will further integrate the advantages of the Lianglu Guoyuan Port Free Trade Zone in facilitating cross-border e-commerce and diversifying channels and Hengdu Agricultural Group's specialization in food processing, jointly establishing brands and promoting growth in cross-border trade for mutual benefit and win-win outcomes.