An Australian pig veterinarian plans to raise A$40 million ($29 million) in an IPO, saying he plans to use the cash to buy 12 livestock health businesses and capitalize on an export boom tipped to follow a trade deal with China. Companies linked to Australian agriculture exports are defying a slowdown in IPO activity and rushing to list in 2015, hoping to benefit from a Free Trade Agreement that involves cutting tariffs on some A$100 billion of annual trade with the country’s biggest export destination…Full Article: The Global Times Nov 2015
- On 17 December 2015, Apiam Animal Health plans to be listed on the Australian Securities Exchange.
- Founded in 1998, Australia’s Apiam Animal Health hopes to purchase 12 veterinarian business via the funds raised by the IPO. If successful, Apiam will control 35% of the swine vet market, 50% of the beef/cattle vet market, and 25% of the dairy vet market.
- In June 2015, China and Australia signed a free trade agreement, dropping the tariff rate for 85.4% of goods to zero. Chinese tariffs for Australian beef will be eliminated within nine years.
- In 2014, mainland China imported 974 MTs of pork products from Australia. At the same time, Hong Kong imported 20 MTs of pork from Australia.
- In November 2014, China and Australia signed a preliminary free trade deal.
- In 2013, mainland China agricultural imports from Australia totaled US$8.3 billion and primarily consisted of fibers, raw hides, meat, oilseeds, cereals, and wine. In 2013, mainland China imported US$1.8 billion worth of Australian wool (not card/combed) and US$1.6 billion worth of cotton (not carded/combed). Combined, these two commodities accounted for 43% of all agricultural imports. After fibers, China imported US$607 million worth of rapeseed and colza seeds, and US$586 million worth of frozen beef.
- In 1971 (a year before US President Nixon’s visit), Australia’s Prime Minister Edward Gough Whitlam visited China and met with Zhou Enlai (Premier of the People’s Republic of China). This meeting later resulted in Australia’s official recognition of the PRC.