Australia and China have signed a new agreement covering agricultural science, technology, two-way investment and trade.
On April 23rd, the Australian Minister for Agriculture, Fisheries and Forestry, Joe Ludwig met with the Chinese Agriculture Minister, Han Changfu on the occasion of Minister Han’s first visit to Australia. Minister Han was in Australia to participate in the Joint Agricultural Commission to discuss agricultural trade, policies and cooperation between Australia and China.
During the visit a new agriculture agreement was signed between the two countries. The agreement covers science and technology, two-way investment and trade.
The deal carries major significance for Australia. China is the most valuable export destination for Australian agriculture. In 2012 total Australian farm exports to China were valued at over $7 billion. Key products exported to China included wool, cotton, grain (predominantly wheat), meat, wine and dairy products.
