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China Turns to Australian Manufacturing With $200 Million Investment in Victoria

September 18, 2012 • News

Premier Ted Baillieu has announced the super trade mission to China a success today after securing a $200 million cable manufacturing contact that will create 200 jobs.

Premier Ted Baillieu and Chinese tennis star Li Na.

The trade mission, which was dubbed the biggest to ever leave Australian shores, saw more than 600 delegates representing more than 400 Victorian organisations spreading out across 13 Chinese cities in a week.

The Herald Sun reported earlier today that Chinese company Anhui Joy Sense Cable Company plans to set up a new base in Victoria after negotiating an agreement with Mr Baillieu and representatives of the super trade mission.

The trade mission  formed part of the Coalition Government’s $50 million commitment to helping Victorian businesses find new global markets for goods and services, while attracting international investment and generating new jobs.

‘The engagement strategy outlines five key priority areas aimed at facilitating trade, attracting investment and supporting new research and development, as well as boosting Victoria’s Chinese language skills and developing deep and lasting relationships that position Victoria for the future, reported Business Victoria.

“Victoria and China have a long history of collaboration and partnership. Now, more than ever, we must take the opportunities outlined in this strategy to deepen and broaden the important business, personal and cultural links between us,” Mr Baillieu said.

Manufacturing Minister Richard Dalla-Riva has welcomed the deal, after last months figures showed the state’s unemployment rate rised to 5.6 per cent, with more than 12,000 regional Victorians losing their jobs in August.

“This is a significant investment into Victorian manufacturing with a major Chinese infrastructure project supplier establishing an operation here which will employ up to 200 people,” Mr Dalla-Riva said. (news.com.au).

 

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