China, Australia deliberate FTA execution: Reports

Source:China Sport ShowRelease time:01-May-2024Clicks:

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Chinese and Australian trade officials have pledged to maximise the potential of the China-Australia Free Trade Agreement (FTA) to deepen economic cooperation.

At the second meeting of the China-Australia FTA Joint Committee in Canberra, both sides praised the FTA’s role in bilateral economic development even as they reviewed its implementation across various sectors like goods, services, investment, and finance, highlighting its positive impact on bilateral relations.

This is as per media reports, which added the meeting, co-chaired by Chinese vice minister of commerce Li Fei and deputy secretary of the Australian Department of Foreign Affairs and Trade George Mina, facilitated in-depth discussions on mutual concerns.

It focused on reviewing the FTA comprehensively and planning future actions.

The Chinese embassy in Australia highlighted the meeting’s significance in strengthening economic ties even as both countries reaffirmed their commitment to advancing economic and trade cooperation, underscoring the importance of sustained dialogue and collaboration.

The meeting underlined the importance of continued cooperation to fully harness the benefits of the FTA, fostering long-term economic prosperity for both nations.