Trade: Sino-Australian free trade
(Shenzhen Daily)
Updated: 2006-05-30 10:47
After a year of skirmishing, the Sino-Australian Free Trade Agreement (FTA)
discussions are finally taking shape, with China agreeing in principle to
include the sensitive areas of government procurement and investment in any
agreement.
But progress on the most contentious issue, opening up China’s lucrative
services sector to Australian banks, insurers, telecommunications and transport
companies, remained elusive.
The Chinese signaled they were interested in resources investment and greater
temporary labor access, and indicated they would table draft text on these
topics in the next round of talks, which are scheduled for early September in
Beijing.
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