Chinese, Australian Legislatures to Promote Trade Ties

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Last updated at: (Beijing Time) Tuesday, September 17, 2002

Chinese, Australian Legislatures to Promote Trade Ties

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Chinese, Australian Legislatural Leaders Meet

Visiting top Chinese lawmaker Li Peng and heads of Australian House of Representatives and Senate reached a consensus Monday in Canberra that both countries will boost parliamentary cooperation for the promotion of economic and trade ties between the two countries.

The agreement was reached during a meeting between Li, chairman of the Standing Committee of the National People's Congress, and Australian House Speaker Neil Andrew and Senate President Paul Calvert.

"China and Australia, both major countries in the Asia-Pacific region, are highly complementary in terms of economic cooperation, and China's new membership in the World Trade Organization is creating more business opportunities for both countries," Li said.

The recent deal of having Australia as the supplier for the Guangdong Liquefied Natural Gas project, as well as cooperation in many other projects and fields, have demonstrated that there are still great potentials of trade and economic cooperation to tap, Li said.

He pointed out that inter-parliamentary exchanges between the two countries have served as a great impetus to the bilateral ties and growth of economic and trade engagement between the two countries.

House Speaker Andrew said that he agrees with Li on the role of inter-parliamentary exchanges. He said that the Australian side is pleased with the economic and trade development, as the continent nation sees about 400,000 passengers from China via jumbo jet airliners. Such close ties have benefited economic development of both countries, he added.

Senate President Calvert said that Australia attaches great importance to its relations with China just as China does with Australia. He was invited by Li to visit China when it is convenient during the meeting.

The two sides briefed each other on the organization and working mechanism of their legislatures. They agreed that such a direct contact is helpful for them to learn from useful practices of others.

Li also met Monday with members of the Australian/China Parliamentary Friendship Group of the Australian Parliament, to whom Li reiterated China's stance on the Taiwan issue.

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