Aussie Business Group Leader Looks to Strengthen Ties with China

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David Olsson, national president of the Australia China Business Council (ACBC), is looking to strengthen ties with China to boost trade and investment opportunities in both countries.

“By joining forces to tackle the climate crisis, we have the potential not only for greater trade between countries but also to make climate action more effective and affordable,” shared Olsson in a recent written interview celebrating the 50th anniversary of China-Australia diplomatic relations.

With nearly 30 years of experience within and around China, Olsson remarked that the Australia-China relationship is founded on intense economic complementarities and robust personal, business, and cultural connections.

“Boasting an unrivalled relationship, Australia is China’s prime trading partner and its most dependable provider of mining resources, superior agricultural goods and various services to bolster their economic expansion,” he added.

The Regional Comprehensive Economic Partnership (RCEP), comprised of 10 ASEAN countries and their five trading partners – China, Japan, South Korea, Australia and New Zealand – could act as a strong foundation for dialogue between India and China. Moreover, with both nations sharing the ambition to achieve net-zero carbon emissions by 2050, this agreement offers an excellent opportunity to progress these discussions further.

“China’s economic progress has been impressive, and it is evident that China’s ascendance over the years has profoundly changed both the global economy and international affairs,” he said.

“The future is of utmost importance for the Chinese people and the international community,” he added.

“As China continues toward greater economic prosperity, we should seize this opportunity to strengthen further and diversify the Australia-China relationship.”

Looking ahead, David Olsson believes that strengthening ties with China will enable Australia to benefit from increased trade, investment, and technological exchange. “By deepening our partnership and collaboration, we can create a shared future that is prosperous, resilient, and sustainable,” he concluded.

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