Representatives from six Victorian companies have returned to Australia after a successful trade mission to China.
Hosted by the Victorian Employers' Chamber of Commerce and Industry (VECCI), this was the first delegation to visit China under the new Jiangsu Province Business Placement Program.
The new program, in collaboration with the Jiangsu Federation of Industry and Commerce (JFIC), is designed to assist Victorian companies in doing business with China.
Under the program, owners, directors and senior executives of Victorian businesses undertake a three-week residential business program in the industrial heartland of Jiangsu Province, near Shanghai.
Jiangsu is Victoria’s sister state – a relationship that has been maintained for 35 years.
VECCI officials say the inaugural visit was an overwhelming success.
The participants left with valuable information to assist them in doing future business in China.
The Australian delegates were from with a diverse range of industries including chemical manufacturing, building and construction, ICT consulting, metal (wire) fabrication, industrial equipment engineering, signage and corporate branding.
Etiquette and trends
In the first week participants visited Nanjing University to gain insights from leading professors and business professionals regarding China's business environment, economic outlook, legal, accounting and taxation framework, consumer behaviour, cultural and business etiquette and trends.
In the second week participants were placed in Chinese businesses relevant to their sector, allowing them to learn about the organisation’s operations and build business alliances for the future.
The final week involved industry visits throughout Jiangsu Province, to enable further insights into Chinese industrial sectors and to provide further business matching and networking opportunities.
Mr Ivan Price, who represented Kockums Bulk Systems, a leader in bulk powder handling systems, described the program as “enlightening.”
“Jiangsu is the engine room of the world, said Price. “It was a fascinating insight in Chinese business culture.”
Mr Price said he was confident the program would help to open the door to further business opportunities for Australian companies in China.
The program was made possible by the joint efforts of VECCI, the Victorian Government’s Department of State Development, Business and Innovation, and the participating businesses.
VECCI believes the great success of the event will pave the way for future missions.
Expressions of interest are welcome from businesses looking to participate in future international business placement programs.
VECCI is the peak body for employers in Victoria, servicing more than 15,000 members, customers and clients around the state.