20 Oct 2015
Minister for Asian Engagement and Trade
China's Vice Minister for the Ministry of Land and Resources said the Darwin Port partnership between the Northern Territory Government and Landbridge sends a message to Chinese companies that the Territory is a place to do business.
Vice Minister Dr Wan Min, who met with Asian Engagement and Trade Minister Peter Styles at the China-Australia Resources Investment Forum in Beijing yesterday, said the Landbridge partnership symbolised the desire China and its businesses have to forge new relationships in Australia's north.
"Dr Wan Min reinforced what other members of the Chinese Government have made clear; the China Free Trade Agreement is a milestone in China-Australia history and the opportunity must not be missed," Mr Styles said.
"Like the partnership with Landbridge it has the capacity to open up fresh trade links through air, sea and investment."
Following his meeting with the Chinese Vice Minister Mr Styles gave the opening address to the China-Australia Resources Investment Forum focusing on Darwin as Australia's gateway and the Federal Government's development of the north.
Mr Styles then witnessed the signing of a Memorandum of Understanding between Territory Miner Tellus and China Coal Technology & Engineering Group (CCTEG) for the financing and supply of $120 million worth of equipment for two key projects.
"This further Chinese investment is welcome and continues to shine a spotlight on what the Northern Territory Government is doing," Mr Styles said.
"We are committed to forging strategic partnerships. Deepening our co-operation with China is in the best interests of a prosperous Territory economy."
Mr Styles also met with China's largest rail company China Rail which is responsible for constructing 70 per cent of the country's rail network and employs 300,000 people.
Other talks were held with the China Chamber of Commerce of Metals, Minerals, & Chemicals Importers and Exporters.
Media Contact: Rebecca Barr: 0407 284 066