SHANGHAI, China - The president of Argentina on Thursday visited the Global Food Marketplace (SIAL) in Shanghai, with the aim of boosting his country's exports to China and ensuring a more favorable bilateral trade balance.
70 companies from Argentina, the guest country for this year's fair, sent delegations to one of the world's most important gastronomical events in the hopes of securing a market share in the world's second largest economy.
After a four-day visit to Beijing, Macri visited SIAL on Thursday and spoke with some of the exhibitors trying to step up exports from Argentina to China.
Despite China being one of Argentina's largest trading partners, the trade balance between the two countries is still significantly balanced in China's favor.
In 2016, exports to China were valued at $4.425 billion, while imports from China stood at $10.451 billion, according to the data of Argentina's National Institute of Statistics and Censuses.
Food and beverages constitute the vast majority of Argentina's total exports to China (90 percent), with soybeans accounting for 63 percent.