❓ The Treasurer affirms the WA government's commitment to strong trade and cultural ties with Hong Kong and mainland China, highlighting the economic benefits and future importance of the relationship.
AnsweredQoN 656Legislative Assembly
QuestionView source ↗
Can the Treasurer inform the house of the Gallop government’s continued commitment to building strong links with Hong Kong and mainland China? Mr E.S. RIPPER
AnswerView source ↗
Later this week I will travel to Hong Kong and China proper to further cement our trade and cultural relationships. I will hold talks with government and business leaders, and I will promote Western Australia as a great place in which to do business. Of course, China is very important to our business in Western Australia. It is our second biggest customer. Exports from this state to China total $6.6 billion. Western Australia provides more than half of all Australian exports to China. China is the seventh largest economy in the world. It is obviously vital to our future. Fortunately, we have some long-term contracts to supply commodities to China; for example, the 25-year liquefied natural gas contract signed by the North West Shelf partners and the Guangdong province in 2002. Our exports to China have been growing strongly. Over the five years to 2004-05, total merchandise exports to all destinations, including China, increased by an average of 8.8 per cent per annum, but the merchandise exports to China increased by 28.7 per cent per annum over the same period. We tend to focus on our exports of commodities to China, but we also have service exports; for example, 11 000 Chinese tourists visited Western Australia in 2004, and China is Western Australia’s fifth largest source country for overseas students. The relationship goes both ways. Our people are benefiting from Chinese manufacturing and the cheap high-quality goods that are now available. China is Western Australia’s fourth largest source country for imports. China accounted for seven per cent of total merchandise imports in the past financial year. This relationship is very important to Western Australia. I am proud of what the government has done to promote it. The Premier, the Minister for State Development, the Minister for Tourism and you, Mr Speaker, have been to China. It is a very important relationship. I urge members on both sides of the chamber to adopt a bipartisan approach to our trade and business relationship with China. I urge members on both sides of the chamber to take plenty of opportunities to visit that country, which will be very important for our future as a state.
Mr E.S. RIPPER replied: Later this week I will travel to Hong Kong and China proper to further cement our trade and cultural relationships. I will hold talks with government and business leaders, and I will promote Western Australia as a great place in which to do business. Of course, China is very important to our business in Western Australia. It is our second biggest customer. Exports from this state to China total $6.6 billion. Western Australia provides more than half of all Australian exports to China. China is the seventh largest economy in the world. It is obviously vital to our future. Fortunately, we have some long-term contracts to supply commodities to China; for example, the 25-year liquefied natural gas contract signed by the North West Shelf partners and the Guangdong province in 2002. Our exports to China have been growing strongly. Over the five years to 2004-05, total merchandise exports to all destinations, including China, increased by an average of 8.8 per cent per annum, but the merchandise exports to China increased by 28.7 per cent per annum over the same period. We tend to focus on our exports of commodities to China, but we also have service exports; for example, 11 000 Chinese tourists visited Western Australia in 2004, and China is Western Australia’s fifth largest source country for overseas students. The relationship goes both ways. Our people are benefiting from Chinese manufacturing and the cheap high-quality goods that are now available. China is Western Australia’s fourth largest source country for imports. China accounted for seven per cent of total merchandise imports in the past financial year. This relationship is very important to Western Australia. I am proud of what the government has done to promote it. The Premier, the Minister for State Development, the Minister for Tourism and you, Mr Speaker, have been to China. It is a very important relationship. I urge members on both sides of the chamber to adopt a bipartisan approach to our trade and business relationship with China. I urge members on both sides of the chamber to take plenty of opportunities to visit that country, which will be very important for our future as a state.
Later this week I will travel to Hong Kong and China proper to further cement our trade and cultural relationships. I will hold talks with government and business leaders, and I will promote Western Australia as a great place in which to do business. Of course, China is very important to our business in Western Australia. It is our second biggest customer. Exports from this state to China total $6.6 billion. Western Australia provides more than half of all Australian exports to China. China is the seventh largest economy in the world. It is obviously vital to our future. Fortunately, we have some long-term contracts to supply commodities to China; for example, the 25-year liquefied natural gas contract signed by the North West Shelf partners and the Guangdong province in 2002. Our exports to China have been growing strongly. Over the five years to 2004-05, total merchandise exports to all destinations, including China, increased by an average of 8.8 per cent per annum, but the merchandise exports to China increased by 28.7 per cent per annum over the same period. We tend to focus on our exports of commodities to China, but we also have service exports; for example, 11 000 Chinese tourists visited Western Australia in 2004, and China is Western Australia’s fifth largest source country for overseas students. The relationship goes both ways. Our people are benefiting from Chinese manufacturing and the cheap high-quality goods that are now available. China is Western Australia’s fourth largest source country for imports. China accounted for seven per cent of total merchandise imports in the past financial year. This relationship is very important to Western Australia. I am proud of what the government has done to promote it. The Premier, the Minister for State Development, the Minister for Tourism and you, Mr Speaker, have been to China. It is a very important relationship. I urge members on both sides of the chamber to adopt a bipartisan approach to our trade and business relationship with China. I urge members on both sides of the chamber to take plenty of opportunities to visit that country, which will be very important for our future as a state.
The relationship goes both ways. Our people are benefiting from Chinese manufacturing and the cheap high-quality goods that are now available. China is Western Australia’s fourth largest source country for imports. China accounted for seven per cent of total merchandise imports in the past financial year. This relationship is very important to Western Australia. I am proud of what the government has done to promote it. The Premier, the Minister for State Development, the Minister for Tourism and you, Mr Speaker, have been to China. It is a very important relationship. I urge members on both sides of the chamber to adopt a bipartisan approach to our trade and business relationship with China. I urge members on both sides of the chamber to take plenty of opportunities to visit that country, which will be very important for our future as a state.
Mr E.S. RIPPER replied: Later this week I will travel to Hong Kong and China proper to further cement our trade and cultural relationships. I will hold talks with government and business leaders, and I will promote Western Australia as a great place in which to do business. Of course, China is very important to our business in Western Australia. It is our second biggest customer. Exports from this state to China total $6.6 billion. Western Australia provides more than half of all Australian exports to China. China is the seventh largest economy in the world. It is obviously vital to our future. Fortunately, we have some long-term contracts to supply commodities to China; for example, the 25-year liquefied natural gas contract signed by the North West Shelf partners and the Guangdong province in 2002. Our exports to China have been growing strongly. Over the five years to 2004-05, total merchandise exports to all destinations, including China, increased by an average of 8.8 per cent per annum, but the merchandise exports to China increased by 28.7 per cent per annum over the same period. We tend to focus on our exports of commodities to China, but we also have service exports; for example, 11 000 Chinese tourists visited Western Australia in 2004, and China is Western Australia’s fifth largest source country for overseas students. The relationship goes both ways. Our people are benefiting from Chinese manufacturing and the cheap high-quality goods that are now available. China is Western Australia’s fourth largest source country for imports. China accounted for seven per cent of total merchandise imports in the past financial year. This relationship is very important to Western Australia. I am proud of what the government has done to promote it. The Premier, the Minister for State Development, the Minister for Tourism and you, Mr Speaker, have been to China. It is a very important relationship. I urge members on both sides of the chamber to adopt a bipartisan approach to our trade and business relationship with China. I urge members on both sides of the chamber to take plenty of opportunities to visit that country, which will be very important for our future as a state.
Later this week I will travel to Hong Kong and China proper to further cement our trade and cultural relationships. I will hold talks with government and business leaders, and I will promote Western Australia as a great place in which to do business. Of course, China is very important to our business in Western Australia. It is our second biggest customer. Exports from this state to China total $6.6 billion. Western Australia provides more than half of all Australian exports to China. China is the seventh largest economy in the world. It is obviously vital to our future. Fortunately, we have some long-term contracts to supply commodities to China; for example, the 25-year liquefied natural gas contract signed by the North West Shelf partners and the Guangdong province in 2002. Our exports to China have been growing strongly. Over the five years to 2004-05, total merchandise exports to all destinations, including China, increased by an average of 8.8 per cent per annum, but the merchandise exports to China increased by 28.7 per cent per annum over the same period. We tend to focus on our exports of commodities to China, but we also have service exports; for example, 11 000 Chinese tourists visited Western Australia in 2004, and China is Western Australia’s fifth largest source country for overseas students. The relationship goes both ways. Our people are benefiting from Chinese manufacturing and the cheap high-quality goods that are now available. China is Western Australia’s fourth largest source country for imports. China accounted for seven per cent of total merchandise imports in the past financial year. This relationship is very important to Western Australia. I am proud of what the government has done to promote it. The Premier, the Minister for State Development, the Minister for Tourism and you, Mr Speaker, have been to China. It is a very important relationship. I urge members on both sides of the chamber to adopt a bipartisan approach to our trade and business relationship with China. I urge members on both sides of the chamber to take plenty of opportunities to visit that country, which will be very important for our future as a state.
The relationship goes both ways. Our people are benefiting from Chinese manufacturing and the cheap high-quality goods that are now available. China is Western Australia’s fourth largest source country for imports. China accounted for seven per cent of total merchandise imports in the past financial year. This relationship is very important to Western Australia. I am proud of what the government has done to promote it. The Premier, the Minister for State Development, the Minister for Tourism and you, Mr Speaker, have been to China. It is a very important relationship. I urge members on both sides of the chamber to adopt a bipartisan approach to our trade and business relationship with China. I urge members on both sides of the chamber to take plenty of opportunities to visit that country, which will be very important for our future as a state.
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