This month marks an event known as "Festival of Australia" in China. Seminars and gatherings held across the country are bringing together those in the fields of business, trade and import-export. For those attending, the opportunity presents itself as a chance to learn more about the Chinese market, while also taking advantage of the close relationship between China and Australia. CGTN reporter Omar Khan has the story.

Business professionals from Australia's F&B and tourism sectors alongside government representatives, have gathered here in Guangzhou for the Festival of Australia. The event looks to further attract Australian companies to the Chinese market, while also promoting an already well-established trade relationship.

Last year China was Australia's top 2-way trade partner, accounting for nearly 25 percent of the total share. Australia's top export AND import partner was also China, with total shares standing at 30 percent and 18 percent respectively. The figures seemingly point to a trade partnership that presents plenty of opportunities.

PAUL SANDA SENIOR TRADE COMMISSIONER, AUSTRADE "Australia and China have a very long established and very stable trade relationship, which of course goes back even a hundred years. But in the last couple of decades, it has grown significantly."

From a top-down approach, economic relations have witnessed considerable growth in recent years. And though cross-border trade comes with a risk, many see the benefit in coming to China.

JUSTIN WOODCOCK DIRECTOR, TRADE AUSTRALIA PTY "The welcoming of some different flavors and so on can be a bit different, but once you understand what they are after, then the market is very very welcoming. A lot bigger even just over the last two years, it's sky-rocketed."

LYNN LUO GENERAL MANAGER, BROLOS "We do see the growth of our business in China in the past few years, especially this year. This year, because of the free trade agreement between Australia and China, the import of our live lobster, the import duty tax is deducted to zero percent."

Despite the positive trends in trade, Australia and China undoubtedly have a looming cloud above them. Last year the Australian government banned Chinese telecom giant Huawei from the country's 5G mobile infrastructure rollout, straining ties.

PAUL SANDA SENIOR TRADE COMMISSIONER, AUSTRADE "Yes, it's something that needs to be worked through, needs to be talked through, but overall the current state of the Australia-China relationship is still a very very strong one, with a lot of depth, and we see that continuing for the long term."

The blocking of Huawei may be a thorn in the side for both Beijing and Canberra when it comes to moving forward in bilateral ties. But for the traders and business people here, what matters most is tapping into the potential of the Chinese market. Omar Khan, CGTN, Guangzhou.