Denmark flag with COFCO logo
BEIJING, CHINA — As a step to strengthen agriculture and food cooperation between Denmark and China, Yu Xubo, president of COFCO Corp., signed a memorandum of understanding (MOU) with Carsten Damsgaard, Danish ambassador to China.

The MOU is aimed to further bilateral cooperation in food and agriculture, establishing a platform for the exchange of agricultural and food technologies, promote and reinforce pragmatic cooperation in planting and cultivation, food production, organic food, development of new products, and consumer-oriented food experience as well as the exchange of expertise and information between China and Denmark.

Lars Løkke Rasmussen, prime minister of Denmark, noted that it is the first northern European country to establish a comprehensive strategic partnership with China. In view of the enormous potential for both parties to conduct mutually beneficial cooperation in the future, Rasmussen said he hopes that more Danish enterprises will step up exchange in agricultural sustainability, organic production, food safety, product development, and consumer product experience and enhance knowledge exchange and cooperation in the first, second and third industry chains with their Chinese counterparts through this platform, promote cooperation between two countries’ research institutes and increase bilateral business cooperation and trade contacts through various platforms.

Through this new cooperation, Zhao Shuanglian, chairman of COFCO, said the company plans to increase green food supply on a prominent position, and give full play to its exemplary role in ensuring food safety by leveraging its advantages in the fully-integrated value chain, will enjoying greater cooperative benefits with Danish enterprises.

This is the latest in inter-country cooperation that COFCO has entered. In April, the company announced a recent agreement between Russia and China on export and import protocols allowed the COFCO Corp. to import wheat from Russia.

In March, the company was also able to import 2,200 tonnes of wheat from Kazakhstan. During a state visit to Kazakhstan in September 2013, Chinese President Xi Jinping made a proposal to build the “Silk Road Economic Belt.” Through this proposal COFCO has conducted agro-products trade with 54 countries along the “Belt and Road” and maintained a relatively fast growth momentum. After acquiring strategic resources such as warehousing, port and logistics facilities in regions along the “Belt and Road,” COFCO said it has become the largest grain exporter in Romania and one of the top grain exporters in Ukraine, and owns the most advanced agro-products entrepot facilities in Ukraine’s DSSC grain port.