CHINAUS AFRICAASIA 中文双语Français
Business\Industries

MoUs, agreements signed between China, Australia

Xinhua | Updated: 2017-09-09 10:09

SHANGHAI — The Australian Business Chamber signed an agreement with the Hangzhou Wine Association on Friday on trade and investment.

Four Australian exporters in different industries also signed Memorandum of Understanding with Chinese partners on Friday. Among them, eco-friendly botanical cleaning producer Koala Eco will soon be launched on shopping website NetEase Koala. Mineral water from Go Fresh International and wine from Swan Wine Group will also enter the Chinese market.

Wine has been one of the fastest growing areas since the China-Australia Free Trade Agreement came into effect in late 2015. Australian wine exports to China increased 44 percent in 2016.

Tax breaks also led to more Australian fruit, seafood, dairy products and beef coming to China. Total trade between China and Australia reached A$155 billion in 2016, 23.1 percent of Australia's total foreign trade.

According to Niall Blair, trade minister of New South Wales, some Chinese companies have gone to Australia to invest in farms, where they produce fruit such as oranges and apples and which they ship back to China.

Paula Martin, general manager of the Australian Business Chamber, said that 158 export businesses from Australia has undertaken 304 projects since the chamber launched the "Export Growth to China" program and more than 100 Australian companies have worked with Chinese companies on orders worth more than A$7 million.

China has been Australia's largest export destination and import source since 2009.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US