SOUTH Australian trade minister David Ridgway has announced the opening of the state’s new trade and investment office in Shanghai.
The announcement occurred as part of Mr Ridgway’s tour of China.
“The Shanghai office complements a range of initiatives by the South Australian Government to take South Australia to the world and has been specifically located within the existing Australian Trade and Investment Commission at the Consulate-General Shanghai to support collaboration with the federal government,” Mr Ridgway said.
“South Australia values its relationship with China – our largest two-way trading partner, our highest source of international students and one of our most valuable tourism visitor markets.
“Like many parts of the world, China and South Australia are continually adapting to a fast-changing global environment and building on our successful relationship to grow exports.”
The announcement of the new office comes soon after the Victorian government found itself in a political pickle, having struck a deal with China albeit without consulting Canberra.
But Mr Ridgway was this week feeling bullish.
“Together, South Australia and China have already built a remarkable trade and investment partnership based on complementary interests, vision and entrepreneurship and we are genuinely excited about the creation of our new Shanghai office, to continue to build upon the momentum,” he said.
Mr Ridgway said the China-Australia Free Trade Agreement also was opening new doors for companies to deepen their relationships.