Nation’s Fisheries and Aquaculture Undersecretariat Néstor Miguel Bustamante. (Photo Credit: MinAgri-Argentina)

Chinese companies interested in investing in fishing industry

ARGENTINA
Thursday, September 04, 2014, 01:50 (GMT + 9)

Authorities and Chinese entrepreneurs told a delegation from Argentina that travelled to Shanghai about their interest in investing in port infrastructure and in setting up new businesses in Argentina to have access to the national fishery.

As part of the cooperation efforts between China and Argentina, driven through the Subcommittee on China-Argentina Fisheries, Argentine officials met with company executives from the Shanghai Fisheries General Corporation.

At the meeting, which was attended by the head of the Nation’s Fisheries and Aquaculture Undersecretariat, Néstor Miguel Bustamante; the president of the Chinese company, Shaohua Pu; and other executives expressed their intention to incorporate new fishing vessels in its subsidiary in Argentina.

It must be recalled that last year Shanghai Fisheries General Corporation acquired the national company AltaMare SA (former Pereira). This company has three shrimp fishing vessels to catch shrimp and a jigger for squid fishing, plus a processing plant of fishery products in Puerto Madryn.

The Chinese company also intends to expand its capture, processing and marketing operations to other species of the Argentine Sea, apart from squid and shrimp.

Meanwhile, officials of the group China National Fisheries Corporation (CNFC) had a meeting with Bustamante, to whom they presented their projects to expand investments in Argentina, which they will materialize in 2015.

Deng Rongcheng, CNFC general manager, highlighted the operational capacity of the company with presence in over 40 countries and a fleet exceeding 80 vessels and being allowed to capture more than 200,000 tonnes of fishing resources annually.

"Argentina means a great future for our company, and we aim to continue to grow there," stated Rongcheng.

Argentine officials also met with the director general of the Department of Fisheries of the Ministry of Agriculture of China, Zhao Xingwu, with whom they discussed the agenda issues of both entities.

Xingwu thanked Bustamante for "the seriousness of the work jointly done," which has contributed for the two countries to become closer and for the opportunity of new investments in the fisheries sector.

Related article:

- China promises higher fishing investments in Argentina

By Analia Murias
[email protected]
www.seafood.media

Print