Seafood imports from Chile will be flowing to China in the coming years, as the two countries will be signing seafood treaties during the Asia-Pacific Economic Cooperation summit in Beijing.
Chile's fishery and aquiculture head Raul Sunico Galdames said that Chile will be inking cooperation agreements with China to improve the quality of processing, quarantine and inspection of Chile's seafood goods. The seafood deals are also expected to generate improvements on the countries' customs once the policies are enacted.
The aquatic treaties between the two countries target the growing seafood demand from China. Last year, Chile exported over $2.20 billion worth of aquatic products, which were comprised mostly of frozen goods like salmon and kelp, said Galdames during an international fishery exhibition held in Qingdao, Shandong Province.
Chilean seafood firm executive Pedro Ovalle said that China is attracting more and more seafood companies from Chile because of its increasing aquatic food demand.
Ovalle mentioned that they are planning to target busy Chinese people by offering them instant seafood. Ovalle's Chilean firm will be initially selling the seafood products to major cities in China, including Hong Kong, Shanghai and Qingdao.
During the Qingdao international fishery exhibition, 20 seafood firms from Chile expressed their interest in penetrating the Chinese market, which has the largest profit potential powered by the country's massive population.