Business / Economy

Chinese vice-premier eyes more trade with Australia

(Xinhua) Updated: 2014-06-25 14:33

BEIJING - China will cooperate with Australia in more areas as two-way trade and investment continue to grow, Chinese Vice-Premier Zhang Gaoli said here on Tuesday.

Zhang made the remark while meeting visiting Australian Minister of the Treasury Joe Hockey and Minister for Trade and Investment Andrew Robb in Zhongnanhai, the headquarters of the Chinese government. The two sides exchanged views on advancing bilateral trade and investment.

Chinese vice-premier eyes more trade with Australia
Australia, China make steady progress on free trade talks 

Chinese vice-premier eyes more trade with Australia
Since the beginning of this year, China-Australia relations have developed well as trade, investment, cultural exchanges and cooperation in the multilateral arena continued to expand, according to Zhang.

"China and Australia have become major trade partners," he said.

According to Chinese customs, two-way trade topped $13.6 billion in 2013. The figure has continued to grow in the first half of this year.

The two sides are accelerating talks on signing a Free Trade Agreement within the coming months.

Zhang said bilateral cooperation has brought tangible and substantial benefits to the people of the two countries.

He said China places importance in developing its relations with Australia and is ready to work in this regard so as to push forward the China-Australia partnership.

Zhang also expressed readiness to strengthen exchanges and cooperation with Australia within multilateral frameworks, which could be a new highlight of bilateral ties.

China and Australia will host the APEC and G20 forums respectively this year. During his visit to China in April, Australian Prime Minister Tony Abbott invited Chinese President Xi Jinping to attend the G20 summit and visit Australia later this year. Abbott said he will attend the APEC forum in China.

During the meeting with Zhang, Hockey and Robb reiterated the importance that Australia attaches to relations with China. They expressed readiness to expand bilateral cooperation in the energy, resources, farming, manufacturing and financial sectors.

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