Sino-Australian free trade agreement moves closer to completion

China and Australia have moved closer to wrapping up a decadelong process to create a historic free trade agreement, the first China has signed with a major developed country.

After completion, tariffs will be lowered for Australia's biggest mineral and energy exports, and Australian food producers will gain better access to the Chinese market.

Premier Li Keqiang urged both countries on Monday to speed up free-trade negotiations when he met Australian Prime Minister Tony Abbott in Beijing.