The Australia-China Complementary Health Products Expo 2016 opened today to showcase Victoria's world-class medical technology and pharmaceutical expertise and generated new investment and export opportunities to more than 400 high level Chinese trade delegates.
The event was hosted by the China Medical Pharmaceutical Material Association and supported by the Victorian Australia China Business Council.
China is Victoria's largest trading partner, with two-way trade valued at over A$20.4 billion and exports reaching A$6.5 billion last year.
Annual exports from the Victorian health care and life sciences sectors amount to around A$2.4 billion, making health an important sector for the state's economy.
Victoria is the undisputed leader for medical technology and pharmaceuticals in Australia, and is perfectly placed to boost health exports and meet high demand for complementary medicines from the fast growing Asian market.Melbourne is already home to more than 20 pharmaceutical manufacturers producing a variety of products for international markets using advanced manufacturing technologies, including traditional pharmaceuticals, vitamins and supplements.