Jenny Garonne, CEO, Mildura Development Corporation (MDC) is travelling to South Korea this week at the invitation of Korean Overseas Agro Resources Development Association (KOAA) to progress trade, investment and education opportunities.
The invitation is a logical progression from the visit to Mildura by two delegations from KOAA over the last twelve months, that have resulted in interest in developing investment opportunities and a number of students from South Korea now studying locally.
With new international trade agreements with South Korea that are reducing tariffs and allowing Australian products to be more competitive through lower prices, there are now more opportunities for trade to occur in our region.
Mildura is in an envious position of being the only place in Australia where KOAA has signed an agreement to further commercial activities and the trip will cement the commitment between the two organisations.
Ms Garonne is anticipating a number of contacts will be made during the visit, and she will be accessing qualified information on what demand there is for products and services from the region. She will be marketing the Mildura region as a hub for Australian horticulture and related technical skills, and promoting the region as a great location for international education.
The South Korean trip will also assist MDC to achieve their objective to increase economic growth through building international relationships, with a target of 20% increase in trade and investment over the next five years.
Ms Garonne has been asked to speak at a conference that is being presented by KOAA to establish collaborative strategies and strengthen ties among agri-food companies in Korea and internationally, with 200 representatives from South Korean Government and corporations attending.
The itinerary also includes meetings with representatives from E-Mart, a large hypermarket retail company with 148 stores throughout Korea, the Garak market which distributes 7,500 tons of food per day and provides 49% of Seoul’s food requirement, an organisation involved in rural infrastructure construction and farming development projects and Konkuk University with 29,000 student enrolments each year.