Australian companies sign agreements worth US$15 billion

Trade minister says agreements show the breadth and diversity of opportunities for businesses in China and will help provide certainty for enterprises and their employees.

Australian and Chinese companies at the expo have signed 11 agreements worth almost US$15 billion over the next five years.

The deals cover sectors including tourism, resources, infrastructure, e-commerce and logistics.

Blackmores, Australia’s leading natural health company, entered into a deal with JD Global to distribute health products via e-commerce channels. Fortescue Metals Group, a global leader in the iron ore industry, signed iron ore supply and delivery agreements with Anyang Steel International Trading Co Ltd, Baotou Steel International Economic and Trading Co, Lingyuan Iron and Steel Co.

Simon Birmingham, Australia's trade, tourism and investment minister, said the agreements showed the breadth and diversity of opportunities for the nation's businesses in China.

The deals will also help to provide certainty for Australian enterprises and their employees, which is good for their economy and helps to create more jobs, the minister added.

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