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The Australian Government is working hard to broaden and deepen our ties with China.
China is by far Australia’s largest trading partner, our largest goods export destination, and our largest source of goods imports.
The signing of our landmark Free Trade Agreement this year was an historic moment for China-Australia trade relations, and a sign of the trust and respect with which we regard each other.
Our nations will enjoy unprecedented access to each other’s markets, unlocking benefits for both our peoples for decades to come.
The FTA removes barriers to Australian agricultural exports across a range of products, and provides duty-free entry for 99.9 per cent of Australia’s resources, energy and manufacturing exports within four years.
Australian services providers will have new access to China’s services sector, and Chinese businesses will have freer access to Australian markets.
The opening up of our economies will provide great opportunities, the limits of which will be set only by the imagination of our businesses.
In the years ahead, we will see first-hand the benefits of freer trade between our nationsthrough more jobs, more affordable goods and services, and even closer bonds.
I look forward to our shared future of prosperity.
The Hon Malcolm Turnbull MP
Prime Minister of Australia
16 October 2015