Trade ties with South Australia to increase
More premium products and services are expected to flow into the Chinese market, following the signing of several trade agreements between South Australia and Qingdao, a coastal city in Shandong province.
The agreements will spur exports of Australian wine and food products to China, said industry experts. Earlier this week a large trade mission from South Australia, led by Jay Weatherill, the premier of South Australia, and 250 businessmen and government officials visited Qingdao, and some other cities in Shandong.
China is already South Australia's largest export market, accounting for 28 percent of the state's two-way trade. On Wednesday, a number of agreements on cooperation in fields including science and technology, economy and trade, and culture, were inked between South Australia and Qingdao