Queensland’s Premier Annastacia Palaszczuk today leads a 5-day mission to Shanghai and Beijing, together with over 100 delegates from the education, business, agriculture, trade and tourism sectors. A media statement from the Queensland Government says it is largest ever trade missions will next week showcase our state’s exporters to China and the world.
As part of the mission, the Premier will seek to strengthen Queensland’s trade relationship with China – supported by the states long-running Sister State Agreement with Shanghai and existing trade and investment partnerships.
She will also open the Queensland Pavilion at the China International Import Expo (CIIE) in Shanghai, where 73 delegates representing 28 Queensland companies will promote their products. As one of the world’s largest trade shows, CIIE attracts more than 400,000 people and exhibitors from 100 countries.
Queensland products being exhibited include premium beef, seafood, horticulture, wine and beverages, processed food and health and wellness products.
China is Queensland’s largest goods export market for the 12 months to September 2023, valued at $23.7 billion.
Other highlights of the mission include decarbonisation investment and education roundtables, witnessing the signing of a number of MOUs between Queensland companies and their China-based partners.
The Premier’s mission follows visits from Prime Minister Anthony Albanese, Western Australia Roger Cook and Victorian Treasurer Tim Pallas.
Fast Facts: The Queensland – China Relationship
- China is Queensland’s largest goods export market for the 12 months to September 2023, valued at $23.7 billion.
- In 2022–23, Queensland’s top goods export commodities to China were metalliferous ores ($2.3 billion), non-ferrous metals ($1.6 billion), coal ($1.5 billion) and cereals ($1.1 billion).
- China is a top 10 investor in Australia and is a significant investor in Queensland. Major sectors of investment include energy and mining, agriculture, finance, and tourism infrastructure.
- In 2022, China was Australia’s eighth largest foreign direct investor, with four per cent of the total, valued at $44.8 billion.
- China is Queensland’s largest source of international student enrolments and a key market for international education providers and industry.
- Queensland’s global business agency, Trade and Investment Queensland (TIQ) has five offices in greater China, in Shanghai, Beijing, Chengdu, Guangzhou and Hong Kong.
Also see our related article: Airfreight Route to China Resumes.
For more information about international trade and shipping – whether with China or elsewhere around the globe – contact us here at Colless Young. As licensed Customs Brokers and International Freight Forwarders we offer correct, professional advice on all your import and export transactions. We are based in Brisbane and provide a complete range of logistics services, for both airfreight and sea cargo through all Australian ports and airports.
