Feature: Attracting Chinese investment

Representatives from across the department took part in one of the NT’s biggest trade and business delegations to China in August 2018, promoting the NT’s agricultural and resources opportunities to an international audience.

Increased trade with China will result in jobs for Territorians, and many of our divisions support industries where there is potential for growth.

Reaching South to the Territory took place in the city of Shenzhen, Guangdong Province. Shenzhen has a population of more than 12 million, and is less than 30km from Hong Kong, which has a population of more than seven million.

Since May 2018, and for the first time in the NT’s history, there have been direct flights between the NT and China, through a Darwin-Shenzhen route. This is providing opportunities for NT exports.

Run in partnership with the Darwin Major Business group, Reaching South included around 50 NT  businesses and industry representatives, who showcased what they have to offer the Chinese market and investors.

Ian Scrimgeour, Executive Director NT Geological Survey, was one of our representatives at the event. He said it created opportunities to connect with key business people and decision-makers in the region.

“NT businesses were matched up with potential partners from China to help them develop relationships,” he said.
“We also held roundtables and promoted different NT industries, including agribusiness, energy and minerals, education and training, and transport freight and logistics.

“More than 80 Territorians made the journey to Shenzhen to take part in the event, which showed a strong united front.
“China is one of our biggest trading partners, and Reaching South showed we are serious about increasing trade with China through a number of industries.”

ANNUAL REPORT 2018-19 - DEPARTMENT OF PRIMARY INDUSTRY AND RESOURCES