ADM Participates in U.S.-China Joint Commission on Commerce and Trade Meeting
CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) this week joined with business leaders and policymakers from the U.S. and China to support and strengthen ties between the two countries at the first-ever Chicago meeting of the U.S.-China Joint Commission on Commerce and Trade.
“Today, the relationship between the U.S. and China is at an important inflection point,” said Lorraine Hawley, ADM’s director, international government relations. Hawley was speaking at a panel discussion that was hosted by U.S. Agriculture Secretary Tom Vilsack, and which included Chinese Vice Minister of Agriculture Niu Dun. “Our complementary interests regarding agriculture are already serving as a basis for cooperation and collaboration,” Hawley continued. “We believe agriculture can be the foundation for a stronger overall relationship in years to come. Working together, we have an opportunity to form an aligned approach to agriculture—strengthening the overall U.S.-China relationship, while addressing each nation’s specific interests and goals.”
Emphasizing the company’s continued and growing business in China, ADM also participated in a public ceremony during which it signed agreements with three Chinese soybean customers: Wilmar International Limited, Sinograin, and Yuntianhua Group. Said Wesley Uhlmeyer, ADM’s vice president, export trading: “China is a critical and growing market for us, and we are committed to continuing to expand our business to serve Chinese customers.”
ADM Senior Vice President and Chief Financial Officer Ray Young, who attended the JCCT Commencement Dinner, confirmed afterwards the strength of ADM’s commitment to China: “ADM has been working to help meet China’s food needs for more than a quarter of a century. Just last month, we opened the sweetener-manufacturing portion of our integrated food manufacturing complex at the port of Tianjin. Next year, that complex will add the ability to produce soluble fiber, which is used to add dietary fiber to a wide range of food and beverage products. We are continuing to expand our capabilities to serve food and beverage customers as they respond to increasing demand in China for food products of greater variety, nutrition and convenience.”
About the JCCT
Established in 1983, the JCCT is the primary forum for addressing bilateral trade and investment issues and promoting commercial opportunities between the United States and China. High-level plenary meetings are held annually and are co-chaired by the U.S. Secretary of Commerce, the United States Trade Representative, and the Chinese Vice Premier in charge of trade and investment issues. Sixteen JCCT Working Groups meet throughout the year to address topics such as intellectual property rights, agriculture, pharmaceuticals and medical devices, information technology, and travel and tourism.
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with more than 33,000 employees serving customers in more than 140 countries. With a global value chain that includes more than 470 crop procurement locations, 285 ingredient manufacturing facilities, 40 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, chemical and energy uses. Learn more at www.adm.com.
Archer Daniels Midland Company
Jackie Anderson, 217-424-5413