The full benefits of the Australia China Free Trade Agreement (ChAFTA) took affect at the start of this year. In this address to the Henan Investment and Trade Fair, Asialink Chairman The Hon Andrew Robb AO maps out the opportunities now up for grabs.
China, the most populous nation in our region and our largest trading partner is very important to Australia.
We welcome China’s remarkable success, and we are committed to a long-term constructive partnership and friendship based on mutual respect.
Australians look to grow our relationship. Over 6 percent of our total population are Chinese Australians, many of these arriving in the last 25 years. These Chinese Australians are making a strong contribution and have been warmly accepted into our community. Many proudly came from Henan.
This Chinese diaspora of more than 1.3 million people is a wonderful resource in the development of supply lines between China and Australia.
The successful entry into the Australian market can be achieved in many ways, but the two most successful approaches involve, initially at least, entering into joint ventures with local Australian businesses, and/or making effective use of members of the Australian Chinese community residing in Australia.