WA Premier Kicks-off Strategic Dialogue With Major Chinese Business Leaders

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The Western Australian Premier Mark McGowan visited Beijing just recently. His visit signified the efforts of both countries to mend their economic relationship after years of hiatus.

Around 30 business delegates from Australia and China met in Beijing recently. The meeting was the first in-person dialogue held in Beijing since 2018. China has been Australia’s biggest trading partner, with the two countries heavily engaged in trade across several sectors. 

However, the partnership was negatively affected when China imposed anti-dumping and anti-subsidy duties on Australian exports.

According to the Premier, “I had the chance to reconnect with Chinese business leaders from various industries and have direct discussions about how we can continue to grow trade and investment. Developed over several decades, our economic relationship with China is mutually beneficial, and we look forward to expanding this into the future.”

McGowan added that the meeting allowed him to reconnect with the Chinese business leaders across different ranges of industries. He noted that renewing business ties with China will significantly help the strength of the Western Australian economy, allowing the support of thousands of Western Australian jobs.

James Clarke, president of the Western Australia branch of the Australia China Business Council, added that the industries that joined the discussions were mining and resources, renewable energy, advanced manufacturing, financial services, banking, and primary industries.

Clarke added that the closed-door talks were productive and constructive despite details being kept confidential. The president also noted that the Chinese strongly demand Australian products and services. He also said the ministerial dialogue regarding defence, foreign affairs and trade has also recommenced. Trade Minister Don Farrell and Prime Minister Anthony Albanese are expected to meet their Chinese counterparts later this year.

Australia and China started renewing their relationship in late 2022 following the G20 summit in Indonesia. At the summit, both countries agreed to meet on the sidelines to kick-start the repair of their relationship.

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