Arab Today, arab today asia agribusiness giants tie up to boost chinaaustralia trade
Last Updated : GMT 22:03:31
Arab Today, arab today
Arab Today, arab today

Asia agribusiness giants tie up to boost China-Australia trade

Arab Today, arab today

Arab Today, arab today Asia agribusiness giants tie up to boost China-Australia trade

Merino sheep in rural New South Wales
Sydney - AFP

Three of Asia's leading agribusinesses have joined iron ore magnate Andrew Forrest in what he described Thursday as an "unprecedented" 100-year partnership to position Australia as China's food bowl.
Forrest said China's New Hope Group and COFCO Corp., and Singapore-listed Wilmar International, had joined the Australia-Sino 100-Year Agricultural and Food Safety Partnership, known as ASA 100.
The partnership aims to make Australia China's "most reliable" supplier of agricultural products over the next century, said billionaire Forrest.
It kicked off in Sydney Thursday with a meeting between Agriculture Minister Barnaby Joyce and other Australian food industry leaders.
"This is an all-of-country response," Forrest, the founder of Fortescue Metals Group who has more recently turned his attention to agribusiness, told The Australian newspaper.
"I would like Australia to be seen as China's friendliest, largest, most reliable, highest quality, most competitive, most efficient food and agricultural products supplier."
The ASA 100 will ultimately comprise dozens of members, largely from China and Australia, who will meet annually, including food producers, distributors and politicians.
The tycoon said Chinese Premier Li Keqiang told him during a Beijing meeting this year, when he raised the idea of the partnership, that his chief concern was ensuring safe food supply for his country of more than 1.3 billion people.
Forrest said Australia's agriculture industry could become a mainstay of the national economy if efficiencies were boosted.
"If we market ourselves as Australia to all of China, then that lifts our entire country in the eyes of China and we become in the Chinese psychology the supplier of choice whenever you think beef, wool, cotton or natural products," he said.
China is Australia's largest trading partner and the country's economic growth has in part been fuelled by Chinese demand for resources such as iron ore and coal.
But despite Australia being one of the world's biggest exporters of soft commodities such as meat and dairy, its agricultural sector makes up only about 2.0 percent of the economy.
This is far lower than the 10 percent from the mining industry, Australian Bureau of Agricultural and Resource Economics and Sciences figures show.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asia agribusiness giants tie up to boost chinaaustralia trade Arab Today, arab today asia agribusiness giants tie up to boost chinaaustralia trade

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday