Conclusion of China-Australia FTA negotiations
In a ceremony held at Parliament House on 17 November, the Minister for Trade and Investment, Andrew Robb, and Chinese Commerce Minister, Gao Hucheng, signed a Declaration of Intent in the presence Prime Minister Abbott and Chinese President Xi, formalising the conclusion of the China-Australia Free Trade Agreement (ChAFTA)negotiations. Both sides have undertaken to prepare legal texts of the Agreement for signature.
ChAFTA lays an historic foundation for the next phase of Australia’s successful economic relationship with China. Upon entry into force, the Agreement will unlock significant commercial opportunities for Australia. China is Australia’s largest export market for both goods and services, accounting for nearly a third of total exports, and a growing source of foreign investment.
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