On May 27, 2019, Argentine Ambassador H.E. Diego Ramiro Guelar and the Chairman of Lam International Lam Yau Sun signed a memorandum of understanding at the Argentine embassy in China, establishing a cross-border trade platform and logistics center in China to import Argentine products to China.
the Chairman of Lam International Lam Yau Sun andArgentine Ambassador H.E. Diego Ramiro Guelar左为恒雅国际董事长林有信先生，右为阿根廷大使迭戈•拉米罗•盖铁戈先生
In order to actively support President Xi Jinping’s initiative on cross-border trade online business and the establishment of Hainan free trade area, Lam International will establish a cross-border trade (CBT) platform and a duty-free zone logistics center & warehouse in Hefei and Hainan free trade area, to support the supply of Argentine imports to all Chinese consumers. The company will also set up a normal trade platform to import fresh fruits and meat recently approved for entry into China, and to promote mutual investment between Argentina and China (including seminars and cultural activities)
"Today we are at a special moment in history when the open economic model is being questioned more and more," said Argentine Ambassador H.E. Diego Ramiro Guelar. “The center of the world economy is shifting from the United States and Europe to Asia, especially China.
阿根廷大使迭戈•拉米罗•盖铁戈表示： “ 今天的我们处于一个特殊的历史时刻，开放式经济模式越来越被质疑，与此同时，中国一直以开放的态度推行全球化的经济合作。而世界经济的中心也正在从美国和欧洲逐步转至亚洲，尤其是中国。”
Mr. Lam Yau Sun from Lam International is a very far-sighted person. He deeply understands that as the most important partner of Latin American countries, the friendly cooperation between China and Latin American countries is very important. After Mr. Lam’s recently signed cooperation with Chile, the most successful Latin American country in foreign trade, today’s cooperation with Argentina will bring more and more Latin American countries into the region. The cross-border trade platform of Lam International MaiHiHi is a very good idea to bring Argentine products to China. Through this platform, many Argentine suppliers and Argentina-based exporters can easily access the Chinese market.”
Ambassador Guelar also stated that “Argentina has many products that China needs, such as our cherries, agricultural products, minerals and so on, and Argentina also needs Chinese products, so the investment cooperation between the two countries is of great significance.”
Argentina’s Lam International cross-border trade platform will allow Argentine companies to sell their products directly to Chinese consumers (B2C mode). These products will be exempt from tariffs, reduce value-added tax and enter China under the original national label (no need for Chinese CIQ label). This echoes President Xi’s speech on opening up the Chinese market at the first China import expo in Shanghai on Nov 5, 2018. Lam International will also work with Argentina to bring recently approved imports to China, including but not limited to cherries, blueberries and pork. This will be used to supply China’s wholesale network. To support all these efforts, Lam International will establish logistics and warehousing centers in China to support this partnership with Argentina. The memorandum also includes close cooperation between Lam International and Argentina to promote investment opportunities and cultural exchanges in Argentina so as to enhance the friendship between the Chinese and Argentine peoples.
"We are at a historical turning point, witnessing the equalization of wealth among countries and entering a new era of cultural and infrastructure connectivity centered on China’s One Belt One Road, Today is the launch of a legacy between the peoples of China and Argentina. Great business models are always built on improving people’s quality of life. This is what MaiHiHi is all about." said Lam Yau Sun, Chairman of Lam International.
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