Australia banking on free trade deal

Around A$25 billion ($18.93 billion) will be added to the Australian economy in the next two decades through trade agreements with China, Prime Minister Malcolm Turnbull said on Sunday.

Australia is dedicated to implementing the bilateral free trade agreement with China and will continue to welcome Chinese investment, Turnbull said at the B20 Summit in Hangzhou.

"We've already gained many dividends from the FTA signed last year," he said.