socialmedian: Frbiz com Reports Australian Business Leader Urges Early Agreement Of Free Trade With China

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Frbiz com Reports Australian Business Leader Urges Early Agreement Of Free Trade With China

Submitted by Motown Terri from blog

Nov 07, 2009

Summary

Author : Tian Li

An Australian business leader urged both Australia and China to reach a bilateral free trade agreement covering all sectors, and trade investment activity

Frank Tudor, Chairman of the Australia China Business Council (ACBC), said in an exclusive interview that the free trade agreement must be comprehensive and could include a bilateral investment framework which provides more transparency and reciprocity to companies in both countries

On 18 April 2005, Australia and China agreed to commence negotiations on a Free Trade Agreement (FTA) following consideration of the joint FTA Feasibility Study So far, 13 rounds of negotiations on FTA have been conducted but final agreement is still yet to be signed

Tudor said the ACBC completed two research reports in 2009 to ascertain the benefits of trade and investment under a free trade agreement to both countries The value over a 20 year period was well over 100 billion AU dollars (92 billion U S dollars) to both countries and demonstrably increased GDP for both countries

Talking about the role of the A ...Read the full article

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