SHANGHAI,November6--The signing ceremony for the SINOMACH Group's transaction delegation at the 7th China International Import Expo ( CIIE 2024) was held at the National Exhibition and Convention Center in Shanghai. SINOMACH Hainan signed a "Memorandum of Understanding on Agricultural Machinery and Grain Exchange Cooperation" with the Mato Grosso State Soybean and Corn Producers Association and the Mato Grosso Soybean and Corn Production Cooperative.

This marks another milestone in agricultural cooperation between SINOMACH Hainan and Mato Grosso, following the signing of a package agreement on agricultural cooperation and the achievement of a 3-million-ton grain import cooperation at the 6th CIIE in 2023. The two parties will seize this opportunity to jointly promote the cooperation model of exchanging agricultural machinery for grain, bringing more high-quality Brazilian agricultural products to China and introducing more advanced Chinese agricultural machinery and equipment to Brazil.

On the same day, SINOMACH Hainan also signed a strategic cooperation framework agreement with COSCO Shipping South America. The two parties will cooperate in areas such as agricultural machinery export trade, grain trade, new energy trade, and cross-border e-commerce supply chains, aiming to open up transportation channels between South American countries and China, achieve complementary advantages, and promote common development.

The signing of these agreements signifies that SINOMACH Hainan and its Brazilian partners have upgraded from simple trade exchanges to a strategic partnership of deep integration and collaborative development. In the next step, SINOMACH Hainan will closely integrate with its Brazilian partners, further optimize resource allocation, deepen mutually beneficial cooperation, and make new contributions to promoting economic and trade cooperation between China and Brazil.

After the signing ceremony, Cai Jibo,the Chairman of SINOMACH Hainan was invited to attend the opening ceremony of the Mato Grosso Pavilion at the CIIE, where he had cordial exchanges with Augusto Pestana, Consul-general of Brazil in Shanghai, and Marcos Rocha, the Governor of Rondônia State.

Cai Jibo introduced the basic situation of SINOMACH Hainan to Augusto Pestana and Marcos Rocha. He stated that Brazil is one of the strategic markets that SINOMACH Hainan focuses on. Since signing a cooperation agreement with Mato Grosso last year, the company has successfully opened up channels for Brazilian bulk agricultural products to enter China. The company is fully optimistic about the development potential of the Brazilian market and hopes to establish cooperation with more Brazilian state governments, associations, and enterprises in the future to inject new vitality into the economic development of both China and Brazil.

Augusto Pestana expressed that Brazil supports Chinese enterprises' participation in the modernization of Brazilian agriculture and hopes to continuously strengthen bilateral economic and trade exchanges and open a new era of friendly cooperation between Brazil and China. Marcos Rocha said that Rondônia is one of the main coffee-producing regions in Brazil. He welcomed SINOMACH Hainan to visit Rondônia to explore business opportunities.