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Signing-up for a Prosperous Future

This week promises to be an exciting and historic time for Tasmania, and it started today with the signing of four Memoranda of Understanding with China in Canberra.

The memoranda will build on the existing cultural and economic ties between Tasmania and China.

We value and appreciate our friendship with China, a sentiment reciprocated with Tasmania the only state to sign a MoU with China during President Xi Jinping’s visit to Australia.

The memoranda will unlock investment opportunities, strengthen our sister state relationship with the Fujian province and build on our competitive strengths including renewable energy and fruit production.

Memorandum of Understanding on Planning for Cooperation

• Between Tasmania and the China Development Bank Corporation.
• The CDB is China’s largest wholesale bank. The MoU will strengthen economic cooperation and stimulate enterprises here and in China.
• A committee will be established, with the Department of State Growth to represent Tasmania.
• The committee will facilitate the planning of investment financing in mining agriculture, tourism and infrastructure.

Agreement on Establishing the Joint Committee for Cooperation and Development

• Between Tasmania and the Fujian Province.
• Based on the successful sister state/province relationship, which was first signed in 1981, a joint committee will be established to oversee coordination of bilateral exchanges and cooperation.
• Bi-annual meetings will be held between Tasmania and Fujian, focusing on the economy and trade, agriculture, forestry, ocean and fisheries and education.
• A Fujian Week in Tasmania and a Tasmania Week in Fujian will also be held within the next two years.
Agreement – Joint Development of a Testing Wind Farm in Tasmania
• Between Hydro Tasmania and the Shenhua Group Corporation Limited.
• The agreement will facilitate the development and operation of a 10 to 30 MW wind farm, to demonstrate the potential for Chinese wind turbine generator technology in the Australian market.
• The Bank of China has already expressed interest in financing the project.

Memorandum of Understanding – Modern Agriculture System

• Between Tasmania and Shaanxi Province.
• This will improve the international competitiveness of the fruit industry in both countries.
• The two parties will seek to further strengthen the bilateral cooperation in production, science and technology, investment and trade.
• Areas of cooperation to be investigated include; a science and technology exchange; cooperation in fields of food safety; modern fruit production, marketing and personnel exchange; and, the feasibility of establishing an International School of Fruit Industry.

I look forward to continuing to foster Tasmania’s friendship with China when President Xi Jinping and Madame Peng Liyuan visit our state tomorrow.

The visit will coincide with the Liberal Government’s TasInvest conference, which will be attended by more than 100 Chinese delegates, including eight Chinese Fortune 500 companies.

These events will provide unparalleled opportunities to show the world all that Tasmania has to offer, to strengthen our economy, create jobs and build a more prosperous future for all Tasmanians.
Will Hodgman, Premier

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