WAFarmers to build ties at China meeting

27 Jun, 2014 02:00 AM
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WAFarmers president Dale Park will set off for China.
We want a win-win situation, so both sides benefit from an investment.
WAFarmers president Dale Park will set off for China.

WA will be a talking point at The Global Foundation meeting on Infrastructure Connectivity in Asia - The Financing Challenge, held in Beijing next week.

WAFarmers president Dale Park will be travelling to China, as part of his involvement in The Global Foundation, to develop stronger ties between Australian and Chinese industries.

Mr Park told Farm Weekly the aim of the three-day meetings will be to get a better understanding of investment between the two countries.

"The meetings will not only be about agriculture, they will include discussions on investments, finance and infrastructure," Mr Park said.

"We want a win-win situation, so both sides benefit from an investment. For the Chinese they want clean, safe food, with a guaranteed supply and to be able to move into a positive investment.

"For Australia we need capital, and we need investments into our infrastructure and markets wanting to take our produce."

The meeting will look into the issue of Asian connectivity and infrastructure and in particular how Asia's infrastructure needs will be financed and how the private sector might play a leading role.

Guests including senior Chinese figures, such as former vice-premier Zeng Peiyan, China's Finance Minister Lou Jiwei, and Jin Liqun, the newly announced leader of the Asian Infrastructure Investment Bank working group.

Mr Park's interest in the meetings stems from his belief that investing into Australian infrastructure would be more beneficial for both parties rather than foreign investors buying up established farms.

Mr Park congratulated V & V Walsh on last week's news it had entered into a joint venture investment deal with one of China's largest red meat importers, Grand Farm Group, and said agribusiness leaders should be looking at investments such as this.

"We will also look at bringing a group of Chinese back to WA later in the year, for a meeting similar to the China-Australia forum held in Perth in April," Mr Park said.

"This would follow on from this forum, but be on a smaller scale."

Mr Park said Australia will not be alone at the meeting in China.

Representatives from Pakistan, Indonesia, and the United States will also attend.

The Beijing meeting provides the opportunity for international guest to interact with long-standing Chinese colleagues, over a series of meetings, arranged by The Global Foundation, in partnership with the Boao Forum for Asia and the China Center for International Economic Exchanges.

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