Guangdong and Australia set up business council
Updated: 2013-04-12 16:17
By Zheng Caixiong (chinadaily.com.cn)
The Australian government and Guangdong province on Thursday signed an agreement to set up an Australia-Guangdong Business Co-operation Council to expand ties between the two sides.
"Southern China is a center of Australian small and medium-sized business activity and the new council will help to deepen long-standing economic co-operation and commercial ties between Australia and Guangdong," Emerson said.
The council will be composed of about 10 Australian companies with business interests in Guangdong, and a similar number of Guangdong firms with substantial business interests in Australia, Emerson said.
Its inaugural meeting will be held later this year.
"It is firmly in Australia's interests to seek closer co-operation with Guangdong, which is one of the most populous, economically driven and wealthy provinces in China," Emerson said.
"Guangdong's 900 billion Australian dollar ($945 billion) economy places it amongst the top 20 economies in the world," he added.
Hu said Guangdong expects to further economic co-operation with Australia in coming years.
He also met the new Chinese leadership to discuss opportunities to strengthen trade and investment between Australia and China, including in the agricultural and service sectors.