President of China set to expand ties with Australia

President of China set to expand ties with Australia

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align: justify;”>The president of China, Xi Jinping has asked for the improvement of economic and strategic ties with Australia. Xi also suggested that a free trade agreement should continue between the two countries in the future.

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On October 17, 2013, the Chinese president met with the Governor-General of Australia, Quentin Bryce in Beijing and stated that the two countries need to make an effort to explore the potential in Sino-Australian relations. The comments made by Xi come after the Australian Prime Minister Tony Abbott said that he is hoping that a free trade agreement between China and Australia could be finished in the near future.

Both sides are encouraging the fast development of bilateral ties, as well as setting up strategic partnership. The president of China said that the two nations are moving ahead with the expansion against a backdrop of various changes in the global market.

While talking about the strategic and long-term perspective, Xi said that the two countries must make a new phase of Sino-Australian cooperation. China and Australia must also attempt to build a strong basis of trust and reciprocity. In addition to that, Xi stated that the two countries must develop and diversify cooperation in different fields, including energy sources, financial services, infrastructure, environmental protection, clean energy, biomedicine and other emerging industries. Bryce also met Premiere Li Keqiang, following her meeting with Xi.

Photo Credits: Au News

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