McDonnell Announces Soybean Export Deal Between Chinese Firm And Perdue

Governor Bob McDonnell announced today that Perdue Agribusiness, Incorporated, which owns and operates a major deep-water export terminal for grains and oil seeds in Chesapeake, has reached agreements to begin exporting soybeans to China's Dandong Port Group Co. and its affiliate Dandong Pasite Grain and Oilseed Co. Ltd.

The companies also signed a memorandum of understanding to commemorate their new business relationship and to explore future business opportunities in addition to soybean exports. The contracts and MOU were signed this week in Richmond during meetings hosted by Governor McDonnell. The relationship between Dandong and Perdue Agribusiness was facilitated as a result of the Governors trade and economic development mission to Asia earlier this year.

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