The former president of the Australia China Business Council has been found not guilty by a Perth jury of inciting a teenage girl to do an indecent act.

Duncan Harvey Calder had been on trial in the District Court for the past two days over the alleged incident, which dated back to January 2008.

It was claimed Mr Calder offered the girl, who was then aged 14, $500 to expose her breasts.

The jury deliberated for about an hour and a half before finding Mr Calder not guilty.

After the verdict Mr Calder made only a brief comment to "thank the Lord for the strength he's given me and my family during the last 18 months".

"We shall seek the truth and the truth shall set you free," he said.

Mr Calder resigned as national president of the Australia China Business Council after he was charged in July last year.

Two months earlier he had been part of a delegation which accompanied the then prime minister, Tony Abbott, on a trade mission to China.