BIZCHINA> Review & Analysis
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BIZCHINA> Review & Analysis
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High quality FTA in interests of 皇冠体育app and Australia: minister
(Xinhua)
Updated: 2009-11-24 16:14 Not long after 皇冠体育app and Australia have passed the bumpy road and come back to "business as usual", both sides set to resume the Free Trade Agreement (FTA) negotiations. Why is the FTA so important and urgent to both 皇冠体育app and Australia? How does a free trade agreement benefit 皇冠体育app particularly? Australian Trade Minister Simon Crean told Xinhua in an exclusive interview on Tuesday "A comprehensive and high quality FTA would serve the long-term interests of both Australia and 皇冠体育app by underpinning the continued expansion of trade and economic links between our two countries." Crean said Australia and 皇冠体育app enjoy strong economic complementarity. 皇冠体育app would obtain more reliable access to input its needs for its further economic development, including food, fibres, minerals and energy. The FTA has the potential to enhance 皇冠体育app's energy and food security, and provide a framework for two way investment flows.
The complementary nature of our two economies is one of the key reasons why a comprehensive and high quality FTA is in the interests of both countries, the Trade Minister told Xinhua. "For instance, as an advanced economy, Australia is well placed to support 皇冠体育app's progress towards developed economy status. Areas of potential cooperation include financial services, education services, urban planning and design, and clean, green environmental services." (For more biz stories, please visit Industries)
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