The agreement was signed in the presence Prime Minister Tony Abbott and Chinese President Xi Jinping, formalising the conclusion of the China-Australia Free Trade Agreement (ChAFTA) negotiations. Both sides have undertaken to prepare legal texts of the Agreement for signature.

ChAFTA lays an historic foundation for the next phase of Australia’s successful economic relationship with China. Upon entry into force, the Agreement will unlock significant commercial opportunities for Australia.

China is Australia’s largest export market for both goods and services, accounting for nearly a third of total expor...