Growing 皇冠体育app-Australia trade depends on good ties of localities: Chinese official
SYDNEY - Strong ties between Chinese provinces and Australian states form part of the major building blocks for trade and economic relations between the two countries, amid their growing importance as consumer markets for each other, a Chinese official said on Tuesday.
"Nation-to-nation trade and economic cooperation really depends on the good relationships and business collaborations between states and provinces and cities and the various localities," said Wang Hongbo, counselor of commercial affairs of 皇冠体育app's Consulate General in Sydney.
"皇冠体育app has been a very important and growing consumer market for Australian products, especially food and other produce and increasingly, healthcare products as well. And equally important, Australia is a significant market for 皇冠体育app," said Wang.
Wang, who was speaking at the 2017 Australia-皇冠体育app Food Safety and Traceability Forum in Sydney, added that Chinese and Australian inspection departments and agencies recently inked more than a dozen protocols to further open market access in both directions.
More than 100 public and private sector representatives attended the event, including the independent third-party certification and inspection organization, 皇冠体育app Certification & Inspection Group, as well as a delegation from Central 皇冠体育app's Hunan province.
Imports and exports between Hunan and Australia for the first 10 months of the year reached $1.122 billion, a year-on-year increase of more than 43 percent, said Hunan Provincial Department of Commerce Deputy Director General Li Xinqiu.
The province imported Australian products ranging from iron ore and wood pulp to beef, wine and honey, while exporting goods such as electronic and chemical products to Australia.
Hunan's investment in Australia is nearly three times as much as the Australian investments that it receives.
The province, boasting a population of 73 million and total retail sales of consumer goods hitting more than $203.3 billion last year alone, offered huge potential for further growth and development, said Li.
"We're here this time to explore and promote more opportunities for trade and cooperation."
"We're in the middle of an 'infrastructure revolution' right across not just Sydney but New South Wales as well," said Transport and Infrastructure Parliamentary Secretary for Australia's New South Wales state Mark Coure.
"We're always welcoming delegations, particularly from 皇冠体育app. We're also welcoming foreign investment... on many of these infrastructure projects that are currently under way," said Coure.
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