Australia’s Exports to China in 2013 Hit $102 Billion
By Vittorio Hernandez | May 22, 2014 8:46 AM EST
But with imports of only $49 million from China, Beijing actually incurred a $53-billion trade deficit with Australia, but the two-way trade exceeded $150 billion for the first time.
Australia has been negotiating the past nine years for a free trade agreement with China. The deal is expected to be inked by the end of 2014.
Besides China, Australia had ratified an agreement with South Korea and is in the final stages of reaching a deal with Japan, which is an acknowledgment from Australia that the coming decades would be the Asian century.
To contact the editor, e-mail:
Most Popular Slideshows
- Still The World Champions: Team USA Overpowers Serbia, 129-92 To Win 2014 FIBA World Cup [PHOTOS]
- Kendall Jenner Could Be Next Victoria's Secret Angel [PHOTOS]
- From Fat To Fit: Celebrities Who Were Overweight Before They Became The Beauties That They Are
- Taylor Swift Named People's Best Dressed Stars Of 2014 [PHOTOS]
Join the Conversation
- Australian Stock Market Report – Afternoon September 17, 2014
- Australian Stock Market Report – Midday September 18, 2014
- Financial Intelligence Agency Suspends Sydney Remittance Firm Over Suspicions It Is Used To Finance Terrorism In Middle East
- Australian Stock Market Report – Morning September 17, 2014
- Australian Stock Market Report – Morning September 18, 2014
- Canadian IS Jihadist Wants to ‘Play Soccer’ with Heads of US Decapitated Soldiers
- Google Nexus 6 Release Date on Q4 2014 Confirmed by T-Mobile Featuring Wi-Fi Calling
- Warning to U.S. – ISIS Has Shot Down a Syrian Regime Fighter Jet