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Report on Ministerial Visit to Boao Forum, China 26 - 29 March 2019

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Report on Ministerial Visit to Boao Forum, China 26 - 29 March 2019 Legislative Council 2620 Tabled 11 April 2019 UNDER STANDING ORDER 224 TABLED PAPERS ARE NOT TO BE REMOVED FROM THE PRECINCTS OF THE HOUSE (Please return by close of business same day) 1GOVE WESTEI Report on Ministerial Visit to Boao Forum, China 26 - 29 March 2019 Hon Alannah MacTiernan MLC Minister for Regional Development; Agriculture and Food; Ports; Minister Assisting the Minister for State Development, Jobs and Trade Overview Minister Alannah MacTiernan MLC visited the Hainan Province, China from 26 to 29 March 2019 to represent the Western Australian Government at the Boao Forum for Asia Annual Conference. Jointly initiated by 29 countries and inaugurated on February 27, 2001, the Boao Forum for Asia is the premier forum for Asian economies and emerging markets. The forum brings together heads of state and government, Ministers, heads of international organisations, CEOs, economists and journalists from Asia and beyond. The Boao Forum provides a unique opportunity to discuss issues relevant to Western Australia and the region at the highest level with Asian and global leaders across politics, business and academia. China is Western Australia's largest market for merchandise exports, accounting for 47 per cent of the State's exports in 2017-18 - close to $62 billion worth. As our largest market for agricultural and food exports, China accounted for 22 per cent of agricultural exports in 2016-17, valued at $1.89 billion. The visit was an opportunity to confirm the importance with which the Western Australian Government holds our largest trading partner, particularly given the challenges in the relationship on a national level. The visit provided the opportunity to highlight the State's export capabilities in agriculture, renewable hydrogen and tech metals. The Minister attended the Forum at the invitation of Fortescue Metals Group. Delegation List Name Position Hon Alannah Minister for Regional Development; Agriculture and Food; Ports; MacTiernan MLC Minister Assisting Minister for State Development, Jobs and Trade Mr Cole Thurley Chief of Staff, Office of the Minister for Regional Development; Agriculture and Food; Ports; Minister Assisting the Minister for State Development, Jobs and Trade 1 Acknowledgements Fortescue Metals Group has been a long term partner of the Boao Forum and I would like to thank the Chairman Mr Andrew Forrest and CEO Ms Elizabeth Gaines for the invitation to attend. I would also like to acknowledge the support provided by the FMG team particularly Tim Langmead, Jess Bukowski, Binjun Zhuang, Alison Terry, Simon Huo, David Liu, Daxiang Jin and Derek Chen. I would also like to acknowledge the Western Australian Trade Commissioner in Shanghai, Mr Stuart Crockett and Judy Zhu for their support. Picture 1: Minister Mac Tiernan with representatives from FMG's Shanghai Office 2 Travel and Meeting Schedule Tuesday, 26 March 2019 11 :30pm Depart Melbourne Wednesday, 27 March 2019 6:00am Arrive Guangzhou 8:20am Depart Guangzhou 9:40am Arrive Haikou 11:30am Arrive Boao 12:00pm Australia-China Senior Business Leaders Forum Lunch 2:30pm Meeting with Hainan Provincial Government 4:30pm Interview with Phoenix Television 6:00pm Dinner with FMG and Australian Ambassador 8:00pm FMG Cocktail Function Thursday, 28 March 2019 10:00am Boao Forum Official Opening Plenary Session 12:00pm Guangzhou Municipal People's Government Luncheon 2:30pm Panel Session - Automobiles by the Year 2050 4:30pm Media interview 7:00pm Gala Dinner - The Night of Hainan Friday, 28 March 2019 7:00am Depart Boao 9:00am Arrive Haikou 11 :00am Depart Haikou 12:15pm Arrive Guangzhou 2:20pm Depart Guangzhou 10:25pm Arrive Perth 3 Summary of Key Meetings Australia-China Senior Business Leaders Forum Lunch Profile The Australia-China Senior Business Leaders Forum (SBLF) provides a unique platform to strengthen the comprehensive strategic partnership between the two nations. The SBLF is co-chaired by Mr Andrew Forrest AO and Mr JIN Liqun. Attendees Mr Andrew Forrest AO Founder and Chairman, FMG Ms Nicola Forrest Co-Founder and Director, Minderoo Foundation Ms Elizabeth Gaines Chief Executive Officer, FMG Mr Greg Lilleyman Chief Operating Officer, FMG Mr Simon Huo Chief Representative in China, FMG Ms Jan Adams AO PSM Australian Ambassador to China Mr Grant King Chair, Business Council Australia Mr Stephen Wolfe Senior Managing Director, China Country Head of Commodities, Macquarie Mr Jake Lynch Senior Managing Director, Head of Asian Research Mr JIN Liqun President of the Asian Infrastructure Investment Bank Mr ZHU Min President of the National School of Finance, Tsinghua University; Former Vice President of IMF Mr WANG Boming Editor-in-Chief of the Caijing Magazine (Chinese Secretary General of SBLF) Mr XU Niansha Chairman of China Poly Group Mr ZHOU Wenzhong Former Chinese Ambassador to the United States and former Secretary-General of Boao Forum for Asia Mr DUAN Yongji Chairman of the Stone Holding Group Mr ZHANG Hongli Chairman of the Hopu Investment Management Mr LI Jiange Vice Chairman of the Central Huijin Investment Ltd; Economist Mr MA Weihua Former President and CEO of the China Merchants Bank Mr LI Yang Member of the Academic Department of the Chinese Academy of Social Sciences; Chairman of the National Laboratory of Finance and Development Mr ZHANG Yansheng Member of the Academic Committee of the National Development and Reform Commission of China Mr TANG Xiuguo President of Sany Group Key discussion points • Business representatives provided brief perspectives on strategic priorities and the relationship between China and Australia. • Ensuring the continued strength of the Australia China business relationship. 4 • Deepening the bilateral relationship through people and culture. • Growing the trade in services, education and tourism. • Artificial intelligence and autonomy - how is technology changing our world? Picture 2: Attendees at the Australia-China Senior Business Leaders Forum Picture 3: Minister MacTiernan outlines key Western Australian trade opportunities at the Australia-China Senior Business Leaders Forum Meeting with Hainan Provincial Government Profile Hainan is China's southernmost and smallest province. It encompasses the island of Hainan, which makes up most of its land area, as well as smaller islands nearby. Hainan Province has three municipalities (Haikou, Sanya and Sansha), six county­ level cities, four counties and six minority autonomous counties. Hainan island is separated from mainland China by the Qiongzhou Strait. To the west lies Vietnam and to the south it faces Indonesia and the Philippines. 5 Tourism, hospitality, retail, transportation, telecommunication and logistics are the mainstays of Hainan's economy, with the tertiary (services) industry accounting for 54 per cent of GDP in 2016. Hainan has a flourishing primary sector that accounts for nearly a quarter of its GDP - the highest ratio among China's provinces. In 2016, Hainan attracted more than 49 million domestic visitors and 7.5 million international visitors who spent RMB 61 million (A$12.2 million) and US$350 million (A$479.5 million), respectively. Attendees HE Mr SHEN Danyang Vice Governor, Hainan Provincial People's Government Mr SUN Shiwen Deputy Secretary-General, Hainan Provincial People's Government Mr LU Min Deputy Director-General, Department of Commerce of Hainan Province Mr DONG Xuegeng Chief Engineer, Department of Industry and Information Technology Mr ZHANG Jin Deputy Director, Management Committee of Yanhpu Economic Development Zone Mr ZHANG Yongjun Director General, Yangpu Investment Promotion Bureau Mr Andrew Forrest AO Founder and Chairman, FMG Mr Simon Huo Chief Representative in China, FMG Key discussion points • Significant opportunities for enhanced trade and partnerships between Western Australia and Hainan Province, including in the areas of: o Tourism (particularly eco-tourism) o Services exchange o Aquaculture o Agriculture • Hainan Province is actively seeking new trade through the establishment of an island-wide free trade zone and the trial of a 'free trade port'. • Hainan Province also hosts 49 million domestic tourists each year and so is a major market in itself. • Opportunities for the import of beef and other meat products from Western Australia. • Opportunities for the import of lupins for human consumption. • Minister MacTiernan committed to exploring opportunities for a trade delegation from Western Australia to Hainan Province and ensuring greater connection with the Western Australian Trade Office in Shanghai. 6 Picture 4: Minister Mac Tiernan with Vice Governor HE Mr SHEN Danyang, Mr Andrew Forrest and representatives from Hainan Province Television interview with Phoenix Television Profile Phoenix Television is a television network that offers channels with Mandarin and Cantonese-language content that serve the Chinese mainland and Hong Kong along with other markets. It has six different television channels, including Phoenix lnfoNews Channel, Phoenix Chinese Channel, Phoenix Movies Channel, and Phoenix Hong Kong Channel. Phoenix Television provides news, information, and entertainment programmes with a reported viewership in excess of 360 million. Minister MacTiernan was interviewed by George Yang, Phoenix Televisions, Chief Correspondent in the South Pacific. Key discussion points • Importance of the bi-lateral relationship between Australia and China. 7 Picture 5: Minister Mac Tiernan with Mr Yang from Phoenix Television. Dinner with Fortescue Metals Group and Australian Ambassador Profile Founded
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