The Australian Prime Minister Anthony Albanese plans to travel to China from this weekend to strengthen relationships with the largest trading partner in his country, while the top security of Beijing wants to check the presence of Beijing in Asia.
The Australian guide said on Tuesday that he would visit Beijing, Shanghai and Chengdu, where the country will have consular operations from Saturday.
“China is an important trading partner for Australia, 25% of our exports go to China,” he told reporters in Hobart. “What that means is jobs and one of the things my government prioritized are jobs.”
The delegation includes top executives from Macquarie Bank Ltd. and HSBC Holdings PLC’s Australia Arm and Fortescue Ltd., Bluescope Steel Ltd., Rio Tinto Ltd. and BHP Group Ltd.
The ambassador of Xiao Qian, China Ambassador in Australia, wrote at the beginning of this week that Beijing is open for the expansion of the free trade agreement between the countries to cover artificial intelligence, health care and renewable energies.
The visit comes when US President Donald Trump triggered a number of punishment tariffs that are expected to come into force on August 1, apart from bilateral shops. This pressure, which aims at the domestic industry, has isolated allies and trading partners such as Australia, which organizes a long -standing security partnership with Washington.
Albanese said on Tuesday that Australia continued to negotiate with the Trump administration in order to reduce the tariffs under the currently 10% baseline, which Washington said repeatedly, probably the soil for all countries.
In the meantime, Albane’s government has contributed to the relationship with Beijing. It is the largest trading partner and customer for raw materials and wine. Albanese said on Tuesday that his government was able to remove obstacles, which were worth more than 20 billion US dollars to China.
