日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Australia-China economic partnership a win-win

Xinhua | Updated: 2017-03-24 10:39

SYDNEY - The economic partnership between China and Australia is one which is often described by experts and leaders alike as a "win-win," not only because of the mutually beneficial economic outcomes, but also the positive social and cultural outcomes it creates for the two nations.

In recent times, more so than ever, the bilateral relationship has blossomed as the China-Australia Free Trade Agreement (ChAFTA) was ratified in 2015, which enabled both countries to take a huge step forward towards a global-centric, shared economic direction.

The importance of this relationship cannot be overstressed, said Professor James Laurenceson, deputy director of the Australia-China Relations Institute at the University of Technology in Sydney, who told Xinhua on Wednesday that the ongoing partnership with China is fundamental to the development of Australia's ongoing economic future.

"More importantly has been its rise over the past ten years. If you look at that period, 50 cents out of every dollar of increased exports have gone to China," Laurenceson said.

The professor said that next to the strong financial ties in the history of the relationship, the people themselves have played a pivotal role in the development of the bonds shared between the two nations.

"Let us not forget the contribution of Chinese immigrants to Australia, they are fundamental in driving the trade links between the two countries," Laurenceson said.

There have been many notable events that have occurred throughout the bilateral partnership that have seen the ties between the two nations strengthened, from cultural and language exchanges, to the fact that in every major city in Australia, you can find a "Chinatown" precinct.

But now, and into the future, the main driver will continue to be ChAFTA, which the economist said has resulted in huge "tangible" benefits to both the Chinese and Australian economies, with a prime example to be found in the wine industry.

"Australian wine can get into China at the moment for a tariff of 5.6 percent, other countries face a tariff of 14 percent, and in two years, the tariff for Australian wine will disappear entirely, so it is no surprise that Australian exports of wine to China are growing at 40 percent," Laurenceson said.

The strength of the partnership will only increase through the treaties that have been signed, Laurenceson said, with China operating as a hub for global value chains which Australia is able to access.

"The reality is Australia is a small economy. We are never going to be a hub for global value chains," Laurenceson said.

"China already is, and will only become more so, so that is yet another good reason for Australia to be trading with China," the expert added.

Win-win outcomes are the cornerstone for the trading partnership between Australia and China, and the professor believes that in a time of growing concern about protectionism and the prospect of interruptions to trade, clarification of what trade essentially is is crucial.

"Trade only happens because two countries want it to, it is by definition, win-win. So more trade with China only happens because Chinese consumers and businesses, along with Australian consumers and businesses, want it to happen," Laurenceson said.

"The worst thing you could do is stop that from happening, because essentially you are ensuring that both countries will lose," said the expert.

With ChAFTA come increased opportunities for Australian connections with China, and Federal Trade Minister Steven Ciobo told Bloomberg on Tuesday that the agreement has driven growth immensely and will continue to do so in the future, and he plans on engaging in further talks during Premier Li Keqiang's visit to ensure the economic treaty is improved for both sides.

"We've got a strong focus on making sure that we continue to remove non-tariff barriers between our two countries to continue to make it easier for businesses to expand in terms of their investment ties and their trade ties," Ciobo said.

Laurenceson is convinced that along with the ever-increasing demand for Australia's goods and services from China, Chinese investment in Australia will result in a win for both countries.

The trade relationship between China and Australia is built upon the premise that each side is able to provide the other with what they need to spur their own economic growth.

In Australia's case, capital investment is one of the major challenges that inhibit its development, which China, particularly over the last two decades, has been able to provide.

"The fact that there is more Chinese investment, rather than Australian investment going into China, is a sign of strength, for both countries," Laurenceson said.

"China's demand for our exports also contributes to higher company profits and royalty payments from mining companies, both of which give the Federal and State governments more revenue to fund hospitals, education, infrastructure, and other crucial needs," said the expert.

This is a sentiment shared by Ciobo, who said that the powerful pro-trade message that has been continually delivered by China, as well as the direct positive actions in terms of economic growth and investment, are "proof positive" of the robust partnership between the two sovereign nations.

"We've seen continued strong growth in investment. We've seen continued strong growth in terms of two-way trade. Australian export volumes are up significantly, so the relationship, frankly, has never been as strong," Ciobo said.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 99热久久这里只精品国产 | 国产精品日韩专区 | 无限资源动漫精彩日本 | 夜夜夜操操操 | 国产日韩欧美不卡 | 欧美日韩精品久久久免费观看 | 精品伊人网 | 亚洲精品在线网站 | 成人精品一区二区 | 超碰综合| 欧美图片激情小说 | 亚洲午夜在线 | 免费看一区二区三区 | 亚洲综合色播 | 久久视屏这里只有精品6国产 | 亚洲精品成人AA片在线播 | 成人破解版 | 免费看搡女人无遮挡的视频 | 国产精品亚洲国产 | 丁香亚洲| 日本不卡网站 | 青娱乐国产精品 | 久久亚洲一级毛片 | 欧美精品99久久久久久人 | 狠狠添| 91社区在线高清 | 欧美日韩在线视频观看 | av大片| 成人网在线观看 | 久久777国产线看观看精品 | 欧美性受| jizz日本在线播放 | 欧美一级片在线看 | 日日麻批免费视频 | 久久视频免费 | 香蕉综合视频 | 成人免费福利 | 一级黄色片在线 | 97成人网在线碰碰碰 | 五月婷婷天堂 | 美女一区 |