Signed by federal Infrastructure and Transport Minister Anthony Albanese and Chinese Commerce Minister Chen Deming at Parliament House last week, the MoU aims to strengthen cooperation on delivering infrastructure for the two nations.
It will mean closer cooperation on planning of projects, exchanging information on investment opportunities and technical expertise, training and education, joint conferences, as well as joint infrastructure projects in the future.
“Ultimately, this is about creating more jobs, tapping more economic opportunities and delivering better infrastructure,” Albanese said.
Both governments will establish a working group with membership from government departments and agencies, industry organisations and major financial and business partners to help implement the commitments outlined in the MoU.
Next year marks the 40th anniversary of diplomatic relations between Australia and China.
During this period, two-way trade has grown from $113 million to $105 billion, making it the first nation with which Australia’s two-way trade has gone past the $100 billion mark.
