Australian Prime Minister Malcolm Turnbull is leading the country’s largest trade mission ever to China -with almost 1,000 people from a variety of business sectors - all of whom have one common goal in mind: To capitalise on business opportunities with Australia’s biggest trading partner.
For Malcolm Turnbull, his first official trip to China as Australia’s Prime Minister gives him a break from his recent political problems back home.
Those include shrinking poll numbers in an election year. The scope of his China trip - leading the largest trade mission every beyond the country’s shores - presents Australian businesses and industries with a unique opportunity.
Austrade’s Grame Barty says the week-long trade mission will send one thousand people from a variety of backgrounds across China.
Barty will lead an innovation team that includes people from research institutions, incubators, and even start ups.
There’s a financial side to all of this. Austrade says the previous Australia week in 2014 helped to contribute to more than a billion dollars in export sales.
The latest trade mission follows the official start of the China Australia Free Trade agreement - signed last year under former Australian Prime Minister Tony Abbott.