Building an innovation-powered economy

A1 China currently provides abundant nutrition for around one-fifth of the world's population, which is a massive achievement. However, by 2050, the world's population is projected to grow to over 10 billion people, while the amount of arable land will decline by almost 10 percent. Corteva Agriscience? believes China is going to play a bigger role in addressing global food problems, and we are ready to empower China's ambition.

Corteva was conceived to be the only major agriscience company completely dedicated to agriculture. Thus, being a company with the ability to enrich the lives of millions of people will be our crowning achievement.

A2 China is making powerful efforts to change the focus of its growth, and is making great progress in modernizing its agriculture sector. This is especially evident in the rise of digital and smart agriculture. Corteva will be the partner of choice for China.

We have three areas of focus in China to achieve this: localization, sustainable agriculture and technological innovation, aimed at solving specific challenges that Chinese farmers from different regions are facing, and helping to connect the dots of the food supply chain and build a more productive and inclusive agricultural ecology in China.

A3 We believe the Foreign Investment Law will have a positive impact on China's foreign investment environment and is strong proof of China's commitment to further opening-up. We also expect more protection of foreign investors' rights and a better environment for cross-boundary collaborations.

China remains a core business location for Corteva. We have already created two joint ventures and established industry-leading R&D capabilities here. The law will help us continue to build local partnerships and deepen our collaboration with our Chinese partners to address the fast-changing market needs in China.

A4 Technological development in the agricultural sector requires continuous and intensive investment of capital and professional expertise. Corteva's increased synergy and efficiency that have come around as a result of the company's creation offer a sound reference for moving toward higher-quality research and innovation. The leading business and R&D capabilities from our heritage companies have resulted in greatly expanded products and services, offering a robust near-term pipeline across seed germ plasm, biotech traits, crop protection, seed-applied technologies and digital agriculture.

A5 We welcome these changes in China's government institutions, which are aimed at creating integrated, effective organizations that will be better positioned to serve Chinese people and also foreign businesses including Corteva, enabling us to deliver the best portfolio of innovative solutions, greater choice, and competitive price for value to China's agriculture market.