Chinese, Australian officials discuss bilateral trade

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Last updated at: (Beijing Time) Saturday, January 17, 2004

Chinese, Australian officials discuss bilateral trade

Senior officials from Australia and China started their first meeting on the implementation of a bilateral trade and economic framework here Friday.

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Senior officials from Australia and China started their first meeting on the implementation of a bilateral trade and economic framework here Friday.

The talks also include a joint feasibility study on a possible free trade agreement.

Australian Trade Minister Mark Vaile said in a statement that good progress has been made on the implementation of the frameworksigned during Chinese President Hu Jintao's visit last October.

Senior officials also discussed possible arrangements for a meeting this year of a bilateral Joint Ministerial Economic Commission and areas within the framework for further cooperation in trade facilitation.

The two-way trade totaled 13.5 billion US dollars in volume forthe year 2003, or 30 percent increase over the previous year.

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