More than 2,000 people, including representatives of almost 900 Australian businesses have met with Chinese producers at Sydney’s Huizhou Products Expo.
With nearly 100 Chinese participants, this was the biggest Chinese Trade Delegation to visit Australia since the signing of the declaration of intent for the China Australia Free Trade Agreement.
The delegation was led by one of China’s top political leaders, Hu Chunhua, the Premier of Guangdong province. He was officially welcomed by New South Wales Premier Mike Baird at an Economic and Trade Cooperation Conference in Sydney, which was staged immediately prior to the opening of the Huizhou Products Expo.
According to Huizhou Products Expo director Cindy Xin, the pending conclusion of the China Australian Free Trade Agreement has proved a positive for business.
“Since the announcement of the China Australia Free Trade Agreement, Chinese interest in doing business with Australia has increased enormously,” she said.
“Chinese companies view Australia as an important market because there is great cooperation at a government level between the two nations; but also because Australia is viewed as a very strong market in which Chinese producers develop their brands to suit a western audience.
“The exhibitors at the Huizhou Products Expo are all looking for long-term relationships in Australia and are willing to negotiate excellent terms with new customers.”
This trade visit and expo comes just days after the Chinese Government announced its “Made in China 2025” policy initiative. The policy is aimed at developing China’s hi-tech capabilities to the point where it will rival current powerhouse economies such as Germany and Japan.