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NT signs Economic Development Agreement wtih Rizhao City

An agreement for closer economic relations between the Northern Territory and  the Chinese port city of Rizhao is opening up commercial opportunities.

The agreement was signed by Chief Minister Adam Giles and Liu Xingtai, the Mayor of Rizhao City as part of Australia Week in China on 16 April 2016.

Rizhao City is a major logistics centre on the coast north of Shanghai and is the home to the largest privately owned port in China operated by the Landbridge Group. Landbridge is also the operator of Darwin Port.

Already generated by the closer economic relations between the Territory and Rizhao are more shipping services between Darwin and China and the development of an Australia China Industry Park in Rizhao.

In addition, Rizhao has also sought official approval to import live cattle shipped from Darwin.

Mr Giles said the Territory Government was keen to choose a partner for the Darwin Port lease that could potentially open up new opportunities as well as operate the Darwin facility.

To read the NT Government's press release, click here: <?xml:namespace prefix = "o" />http://newsroom.nt.gov.au/mediaRelease/19599