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China to Start Buying Soybeans from Tanzania

Analyst says country is trying to reduce reliance on U.S. and Brazil

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China is opening its market to Tanzania as it seeks to reduce its reliance on the United States and Brazil for supplies of the oilseed, reports the South China Morning Post.

Wu Peng, director of African affairs at China’s foreign ministry, said an agreement had been reached on Monday for Tanzania to start exporting soybeans to the country.

He said it was in line with Beijing’s pledge to support African nations by expanding imports –- especially beyond natural resources -– made during the Forum on China-Africa Cooperation in 2018.

In return, Africa imports machinery, electronics and manufactured consumer goods from China.

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