Asian Food Partnership – MOU with Chinese food giant COFCO
For more than 10 years, the Foundation has been the leading contributor to the development of an Australian national food plan, to better organise efforts for Australia to become a global food superpower.
In the past decade, the Foundation has brought together business, government and farming communities, in an effort to build momentum for Australia to become a global food superpower. At the same time, the Foundation has contributed to the global debate on food security, believing that it would be possible to feed this generation and those in the future, through better partnerships between all sectors of society.
In 2014, the Foundation turned its attention on global food security towards Asia’s food needs and, in particular, to those of China.
PRESIDENT OF CHINA’S LARGEST FOOD COMPANY ENDORSES FOUNDATION’S ASIAN FOOD PARTNERSHIP
In 2015, building on its long-standing reputation in China, the Foundation signed a co-operation MOU with China’s largest food company, COFCO, serving as a practical example of what is achievable through co-operation, in trade and investment.
The Foundation’s strategy to link Australia and Asia for future food security – the Asian Food Partnership – has been strongly endorsed by Mr Patrick Yu, the President and CEO of China’s largest food company, COFCO.
COFCO President, Mr Patrick Yu, addresses the Global Food Forum and endorses the Asian Food Partnership work with The Global Foundation
Since that time, the Foundation has mounted successive missions to China, to meet with COFCO’s senior staff and to visit its research and retail facilities, involving its members and growing the partnership. In turn, COFCO executives have increased their engagement with Australia and a number of partnership activities continue to emerge.
Asian Infrastructure Development – the Asian Infrastructure Investment Bank (AIIB)
The AIIB is a China-led, multilateral financial institution, launched by the President of China, Xi Jinping, in June 2015, with 57 nations as founding members. Based in Beijing, the Bank has a market capitalisation of US$100 billion.
The mandate of the Bank is to finance or co-finance Asia’s infrastructure needs, including partnerships with governments and the private sector, to stimulate and support economic growth and prosperity throughout Asia.
The Foundation has been centrally involved with the Bank since its inception.
Following his recent appointment as the first International Advisor to the Asian Infrastructure Investment Bank, Steve Howard was interviewed recently by Sheryle Bagwell, Business Editor, on the Australian Broadcasting Corporation’s Radio National Breakfast program. [Listen here to the interview].
Steve said in the interview that the AIIB is a model of ‘co-operative globalisation’ and a positive example from China to the wider world of the importance of effective multilateral cooperation.
Understanding global value chains, Australia’s infrastructure and innovation requirements and business to business collaboration.
The Foundation continues to build upon member contributions around national infrastructure, innovation and collaboration.
This work has, in large part, been driven by our Key Partner, Mr Lance Hockridge, CEO of Aurizon and now involves a global research study into effective global value and supply chains.
At the centre of the work is the issue of increased business to business collaboration and innovation, across and within national borders.
Further member discussions are planned around the research work and it is intended that the Foundation will make a submission to governments about suggested policy directions as a consequence.