日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Economy

Chinese food companies find room to grow in Australia, NZ

By ZHONG NAN (China Daily) Updated: 2015-01-15 11:29

Free trade pacts offer favorable policies for expansion, investment as appetite for higher-protein food grows

Companies based in China are investing in Australia and New Zealand's agricultural sectors as they pursue a larger foothold in these lucrative markets through favorable policies offered by bilateral free trade agreements.

As China and Australia announced the practical conclusion of negotiations on an FTA in November, the new trade agreement has benefited Australia's agriculture and services industries in particular, as well as leading to growth in Chinese investment in the country.

Zhejiang Tianma Bearing Group Co, a bearing manufacturer, is planning to build a wine sales network in Australia next year. Its main target is China's domestic market.

The company announced in November that Chinese and Australian regulators had approved an A$18 million ($14.62 million) acquisition of two pasturelands, the Balfour Downs and Wandanya stations in Western Australia. The total area of these two grazing lands is 634,000 hectares.

Ma Xingfa, chairman of TBG, said that as Chinese consumers switch from traditional staple foods to higher-protein foods such as beef, lamb and milk, the prices of these products will be fairly attractive to the Chinese market under the China-Australia FTA framework.

The agreement will cover more than 10 areas, including a simplified review procedure for investments, most-favored-nation treatment, favorable market access rules and market transparency.

China now imposes 12 to 25 percent tariffs on Australian beef, but these levies will be phased out within nine years under the pact. Tariffs on Australian wine will be dropped by 2018.

Australia shipped A$200 million worth of wine to China in 2013, with a customs duty rate of 14 to 30 percent per bottle.

"This will help Chinese companies diversify their business categories and raise their incomes in the global market," said Ma. "We will have fewer restrictions in tapping the Australian market, and meanwhile, Australia will find new opportunities for its economic growth in the coming decade in partnerships with China."

Australian beef accounted for 53 percent of China's beef imports in 2013. The agribusiness research department of the Australia and New Zealand Banking Group Ltd has forecast that the total value of Australian beef shipped to China will reach A$130 billion by 2030.

New Hope Group, a Chengdu-based maker of animal feed and foodstuffs, in November announced plans to invest A$500 million in Australia's food and dairy sectors. It acquired a majority stake in Queensland beef processor and exporter Kilcoy Pastoral Co, the fourth-largest Australian beef processor, in 2013.

"After a free trade agreement signed between China and New Zealand in 2008, the country's agricultural sector, especially its dairy industry, has seized big opportunities in China's huge market," said Lu Bu, a researcher specializing in agricultural resources at the Chinese Academy of Agricultural Sciences in Beijing.

It has been reported that the dairy industry in New Zealand achieved fivefold growth as a result of the China-New Zealand FTA.

Chinese dairy giant Yili Industrial Group's first major plant abroad was officially opened in New Zealand in November. The plant in Glenavy, South Canterbury, which cost NZ$236 million ($183 million), was built by Oceania Dairy Ltd, a wholly owned subsidiary of the Inner Mongolia-based Yili. The company said that it planned to invest another NZ$400 million in the plant, which makes infant formula, over the next five years.

Yu Xubo, president of China National Cereals, Oils and Foodstuffs Corp, said: "China's hunger for high-protein food has pushed the nation's companies to seek takeover targets and cooperative opportunities that can help feed that demand."

State-owned COFCO, the country's largest food trader, has invested significantly in Australia and New Zealand, including building a milk powder factory in New Zealand in 2013 and the acquisition of Australian sugar producer Tully Sugar Ltd in 2011.

"Assisted by favorable policies of two bilateral free trade agreements, we will continue to seek more agricultural investment opportunities that are profitable in Australia and New Zealand," said Yu. "Our new products will range from farming to processed foods over the next five years."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 色婷婷色| 欧美视频网站免费看 | 中文字幕欧美在线 | 久久亚洲国产 | 在线看片h站 | 免费观看性欧美一级 | 哥斯拉大战金刚2在线观看免费完整版 | 色狠狠成人综合色 | 国产精品久久久精品 | 亚洲综合图片人成综合网 | 九九久久精品 | 水中色av综合 | 久草新视频 | 一级毛片国产真人永久在线 | 欧美在线播放一区 | 国产福利91精品一区二区三区 | 亚洲精品日韩在线 | 午夜日韩精品 | 日本永久视频 | 九九热视频免费 | 亚洲在线观看免费视频 | 天天色综合5 | 免费黄网站在线播放 | 性欧美激情在线观看 | 成人国产精品免费视频 | 成人精品一区 | 亚洲综合图片色婷婷另类小说 | 免费看欧美成人性色生活片 | 欧美精品一区二区三区在线 | www.爱色 | 不卡的av在线 | 久久日韩精品中文字幕网 | 国产睡熟迷奷系列网站 | 亚洲综合色婷婷在线观看 | 欧美视频区 | 免费看91 | 亚洲成人观看 | 韩国资源视频一区二区三区 | 久久免费播放视频 | 一级高清视频www | 欧美日韩一区在线观看 |