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Joyce set to attend first Australia China Food Summit in Sydney

02 April 2014

MEDIA RELEASE

FOR IMMEDIATE RELEASE

Joyce set to attend first Australia China Food Summit in Sydney

The Australia China Business Council will host a visiting delegation of Chinese food buyers and prospective agricultural investors and over 350 other attendees at its Australia China Food Summit to be held in Sydney on 23 May 2014. The Minister for Agriculture, The Hon. Barnaby Joyce MP, will deliver the keynote address.

The announcement of the event comes as Prime Minister Tony Abbott and Trade Minister Andrew Robb gear up to lead a delegation to China and to progress the Free Trade Agreement discussions between the two countries. Resolving issues relating to barriers to Australian agricultural exports to China and regulatory issues on inbound Chinese investment into Australia’s agricultural sector are likely to be central to the finalisation of the agreement.

The full day event, sponsored by ANZ, KPMG, King & Wood Mallesons and Landmark Harcourts, will deliver a number of practical case studies on Chinese agricultural investment, agricultural trade and the transfer of agribusiness technologies between the two countries.

“The feedback we received from active participants in the agribusiness sector pointed to a need for more practical information on how to take advantage of China’s rapidly growing food requirements,” said Doug Ferguson, Partner in Charge of KPMG Australia’s Asia Business Group and Chairman of ACBC’s agribusiness committee. “We saw an opportunity to deepen the bilateral dialogue with strong Chinese involvement and provide the agribusiness and services sector with practical case studies, information and advice from those who have been on the front line of Australia-China trade, investment and technology transfer.”

On Tuesday last week, an editorial in The Australian newspaper by Gary Dawson, Chief Executive of the Australian Food and Grocery Council, noted that, although food export volumes have increased, Australia’s share of China’s food imports has halved from 6 percent to 3 percent and called for a bigger focus on trade promotion, infrastructure investment and resolving regulatory issues relevant to the agribusiness sector.

“There is a significant opportunity to substantially develop the food and agribusiness relationship between China and Australia and the conference will help potential partners understand the regulatory, cultural, market and practical issues to land those opportunities,” said Scott Bouvier, Partner at King & Wood Mallesons.

Media Enquiries: Mr James Hudson
Chief Executive Officer
Australia China Business Council (NSW)
T: +61 2 9247 0349
E: james.hudson@acbc.com.au

Media interviews can be arranged with key sponsors and presenters at the Australia China Food Summit by request.

About the Australia China Business Council

The ACBC is a not-for-profit organisation that consists of around 1000 members drawn from across Australia and within China. The Council’s primary aim is to promote two-way trade and investment between Australia and China, based on mutual respect and friendship.

The ACBC promotes trade and investment through a number of key activities including thought leadership, enriching public debate and commentary, the hosting of key bi-lateral business events on an annual basis, the promotion of value accretive projects, publication of key reports of social significance, including Its annual flagship research report “Benefits to Australian households of Trade with China”, and direct lobbying of both the Australian and Chinese Governments.