Asia giants tie up to supply food products to China
Three of Asia’s leading agro-businesses have joined iron ore magnate Andrew Forrest in what he described today as an “unprecedented” 100-year partnership to position Australia as China’s food bowl.
Forrest said China’s New Hope Group and COFCO Corp, and Singapore-listed Wilmar International, had joined the Australia-Sino 100-Year Agricultural and Food Safety Partnership, known as ASA 100.
The partnership aims to make Australia China’s “most reliable” supplier of agricultural products over the next century, said billionaire Forrest.
It kicked off in Sydney today with a meeting between Agriculture Minister Barnaby Joyce and other Australian food industry leaders.
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