Long-Stalled Deal Gains Fresh Momentum as Countries Deepen Economic Ties
A free-trade pact between Australia and China likely to be signed within days is expected to provide new sources of growth for Australia, which is struggling to counter a rapidly slowing mining boom, while aiding China’s push for a broader role in regional trade agreements. […]
China has already become a major trading partner for many Asian-Pacific economies, sucking in raw materials—in Australia’s case, vast quantities of iron ore and coal. China last year swallowed up close to 40% of Australia’s exports, mainly commodities, making it the resource-rich nation’s biggest trade partner. Read more here.