Xinhua News Agency News from this newspaper recently, the Ministry of Commerce of China and the Australian Department of Trade and Investment formally signed the Free Trade Agreement between the Government of the People's Republic of China and the Government of Australia on behalf of the two governments in Canberra, Australia. It is reported that the content of the China-Australia Free Trade Agreement covers goods, services, investment and other fields. Among them, the agreement has made provisions on promoting bilateral exchanges and cooperation in more than a dozen fields including intellectual property rights and other "21st century economic and trade issues".

It is understood that the China-Australia Free Trade Agreement negotiation started in April 2005 and lasted for 10 years. The official signing of the agreement has laid the foundation for the two countries to perform their respective domestic ratification procedures and make the agreement enter into force as soon as possible. At present, Australia is the second largest destination for my country's overseas investment after Hong Kong. my country is Australia's largest trade partner in goods, the largest source of imports and the largest export destination.