Data recently released by Australian Bureau of Statistics shows that China has become Australia’s largest two-way trading partner (imports and exports of both goods and services) in 2007.

Total trade with China in 2007 grew 15% to 58 billion dollars (54.8 billion US dollars). Australia’s exports of goods to China rose 17% to 23.8 billion dollars, while services exports grew 18% to 3.9 billion dollars, given the strong growth in Chinese student enrolments.

Simon Crean, Australian Minister for Trade, said that the trade figures are a milestone in the development of Australia’s trading relationship with China.

“These figures show there is much potential for our trade to grow even further, which is why we are working hard to negotiate a free trade agreement with China,” Crean said in a statement. “We have made good progress in negotiating that agreement over the past month, and I look forward to further progress at our next talks in June.”

As is demonstrated by the trading figures, China has come into closer contact with other countries and regions in the world. For all business people looking for channels to get into the Chinese market, BPOVIA Ltd based in China can always be the source. Here clients can expect not only professional consultation services but also excellent virtual assistant services.

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Australia, BPOVIA, China, FTA, trade, Virtual Assistant