TIQ has formalised a strategic partnership with the Australia China Business Council (ACBC) Queensland Branch to explore new trade and investment opportunities as Queensland and China plan their economic recoveries from the COVID-19 pandemic.

The partnership recognises ACBC’s work in fostering business ties between Queensland and China, and forms part of the Queensland Government’s $27.25 million COVID-19 recovery package.

TIQ Acting CEO Richard Watson welcomed the milestone partnership.

‘TIQ’s new partnership with ACBC Queensland will undoubtedly produce greater benefits for both Queensland and China,’ Mr Watson said.

‘The partnership will provide additional support to Queensland exporters taking their products and services to the Chinese market and promote Queensland as an attractive destination for foreign investment.

‘I look forward to taking the next step in the long and prosperous relationship between TIQ and ACBC Queensland.’

ACBC Queensland Branch CEO Wen Gu said the partnership had been formed at an unprecedented time.

‘China remains Queensland’s largest two-way trading partner and will certainly play an important role in the state’s economic recovery journey,’ Ms Gu said.

‘This partnership will see us work with TIQ to support Queensland business to get through the COVID-19 crisis by expanding and diversify the support, insights and intelligence that we can provide to our members and friends.’

The partnership has already launched its first initiative, a webinar series to support business to create response and recovery strategies to the COVID-19 crisis.

The ‘Navigating your business through COVID-19’ webinar series invites expert speakers from various sectors to provide targeted advice and insights on topics, including the Chinese market recovery, the survival of Australian businesses, opportunities within the Chinese market, contract disputes and supply chain management.

ACBC Queensland Branch and TIQ have also been working to create a virtual library where industry leaders can come together to share insights and experiences through a digital platform.

Ms Gu said the short-term and long-term impacts of COVID-19 would present both challenges and opportunities for exporters going forward.

‘With the COVID-19 crisis having a profound effect on industries and markets worldwide, it’s easy to get caught up in the challenges and difficulties of just dealing with day-to-day business and not retain focus on the medium- to long-term outlook,’ she said.

‘As China’s economy has begun to show signs of recovery, and demand for Australian products increases, now is the time for Queensland businesses to focus on their recovery strategy by re-positioning themselves in the Chinese market and targeting new opportunities that have emerged.

‘It is inspiring to see some Queensland member companies have been nimble and pivoted their business quickly.’

China is identified as a major growth market in the Queensland Trade and Investment Strategy 2017–2022.

Information for exporters affected by COVID-19 is available on the TIQ industry recovery package webpage.