A regional MoU has been signed between Hunternet and Chinese region Taian’s Chamber of Commerce.
The MoU, focused on boosting trade and collaboration between the regions, is one of the first developments from the recent China-Australia Free Trade Agreement (ChAFTA).
“This is part of the early alignment of ChAFTA,” Hunternet head Tony Cade told Australian Mining.
Vice president of China Council for the Promotion of International Trade, Taian Branch Zhang Bin said Australian METS were impressive and are pushing innovation.
“We see a lot of compatibility between the regions, and see this MoU as the basis for the sharing of knowledge, innovative, and expertise,” Bin told Australian Mining.
“We really hope we can bring Australian companies and new technology into China, as well as introducing complementary companies and technologies into Australia to promote cooperation in mining equipment and other hi-tech areas between us,” he said.
“Today’s memorandum of understanding with Hunter Alliance is a good start towards more collaborative projects in the future.”
While the there is no immediate monetary figure on the agreement, the effects of the MoU are expected to be long ranging.
“We’re not attaching a dollar value to this as an objective, instead we’re looking at the outcomes in terms of safety, technology, and knowledge, and given the size of the coal sector in China the sky’s really the limit,” Cade said.
“China’s willing to invest in technological and efficiency improvement, and this can spread into more than just coal.”