It is the 10th anniversary of the China-Australia Free Trade Agreement taking effect in 2025. What upgrades are needed to look ahead?

On the afternoon of November 5th, the sub-forum of the Eighth Hongqiao International Economic Forum on the 10th Anniversary of the China-Australia Free Trade Agreement was held at the National Exhibition Center (Shanghai). The forum was hosted by the

The China-Australia Free Trade Agreement is the first high-level free trade agreement signed between China and a major developed country. Han Yong, Director of the Department of WTO Affairs at the Ministry of Commerce, said in his speech that the sig

He cited the expanding bilateral trade, with China being Australia's largest trading partner, as well as the top destination for tourism and education services exports. Investment cooperation has also been fruitful, with Australia becoming a major de

Han Yong expressed that in the future, China is willing to work with Australia to maintain multilateralism and free trade, share new opportunities in China's modernization, amplify the positive effects of the free trade agreement, and provide a highe

Not only benefiting the bilateral relationship

Australia has always been an active participant in the China International Import Expo. According to the Australia Trade and Investment Commission, a record high of 256 Australian companies participated in the eighth Import Expo this year.

Paul Grimes, CEO of the Australian Trade and Investment Commission who participated in the China International Import Expo for the first time, said in his keynote speech that after the entry into force of the China-Australia Free Trade Agreement, tar

Yi Xiaozhou, the former vice minister of China's Ministry of Commerce and former ambassador to WTO as well as former deputy director general of WTO, recalled the scenario when China and Australia decided to launch the negotiation on the free trade ag

According to Chinese statistics, bilateral trade between China and Australia reached 211.27 billion USD in 2024, an increase of 85.6% from the year when the agreement was effective in 2015. China has maintained its position as Australia's largest tra

In addition to benefiting bilateral relations, Yi Xiaozhun emphasized that the China-Australia Free Trade Agreement has also greatly promoted cooperation between the two countries at regional and multilateral levels. For example, as advocates of free

Wang Xinkui, chairman of the Shanghai WTO Affairs Consulting Center, provided detailed and rich data to illustrate the positive effects of the China-Australia Free Trade Agreement on continuously promoting the liberalization of global trade and inves

Public information shows that over the past ten years, the China-Australia Free Trade Agreement has greatly improved the efficiency and convenience of trade between the two countries. The certificate of origin has been upgraded from paper to electron

According to the data provided by Australia's Minister for Trade and Tourism Don Farrell in June, since the agreement came into force on December 20, 2015, the bilateral trade volume between China and Australia has more than doubled to A$312 billion,

Suggestions for the next 10 years

Standing at the new starting point of the next decade, Graeme believes it is necessary to ensure that the China-Australia Free Trade Agreement remains in line with demand, effective, and continuously serves the enterprises and consumers of both count

During the visit of Australian Prime Minister Albanese to China on July 15th this year, both China and Australia signed a memorandum of understanding on the implementation and review of the China-Australia Free Trade Agreement. The plan is to enhance

As a witness to the signing of the China-Australia Free Trade Agreement 10 years ago, Andrew Robb, the former Australian Minister for Trade, Investment and Tourism, believes that China and Australia have already established a good foundation in the f

Rob emphasized that the rise of Western Populism is rebuilding a wall of protectionism, causing global supply chain disruptions and inhibiting economic growth and innovation. Further strengthening of the China-Australia Free Trade Agreement is a coun

According to Mr. Vaughn Barber, the President of the Australian Chamber of Commerce in China, when the China-Australia Free Trade Agreement was signed, the two countries had complementary economic structures, and this complementary foundation of coop

After the meeting, Professor Chen Hong, director of the Australia Research Center at East China Normal University, told CBN Weekly that the "quality improvement and expansion" of the China-Australia Free Trade Agreement would not only simply increase

He gave an example that in the aspects of digital trade and cross-border data circulation, Australia has a very mature digital regulatory framework and a high-quality ICT industry, while China's platform economy is huge in scale and its settlement sy