Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, July 16 (Xinhua) — China and Australia on Tuesday signed a memorandum of understanding on the implementation and review of the China-Australia Free Trade Agreement (FTA), according to the Ministry of Commerce.
The document was signed by Chinese Minister of Commerce Wang Wentao and Australian Secretary of Foreign Affairs and Trade Ian Adams in the presence of Chinese Premier Li Qiang and Australian Prime Minister Anthony Albanese.
Since the China-Australia free trade agreement came into effect in 2015, it has greatly contributed to the fruitful development of trade and economic relations between the two countries, the Chinese Ministry of Commerce said.
The year 2025 marks the 10th anniversary of the China-Australia FTA coming into force. The two sides will take this opportunity to maintain close cooperation, continue high-quality implementation of the FTA, and jointly review the FTA to identify areas for further improvement or expansion, the Commerce Ministry said.
This will increase the level of liberalization and facilitation of trade and investment, thereby providing a higher level of institutional guarantees for trade and economic cooperation between the two countries, the department added. -0-
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