First enacted in 2015, the FTA is approaching its 10th anniversary and has been instrumental in expanding trade and investment between the two nations. Over the past decade, the agreement has provided tangible economic benefits and fostered deeper bilateral cooperation.
The newly signed MoU paved the way for a comprehensive joint review aimed at identifying potential improvements or areas for expansion, as reported by Chinese media.
Both the countries have committed to continued collaboration to ensure the agreement remains effective and responsive to evolving global and regional economic dynamics.
The review process will also seek to promote greater trade and investment liberalisation, offering stronger institutional support for the long-term development of China-Australia economic relations, added the media report.
ALCHEMPro News Desk (SG)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
