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Australia yet to hear from China despite signing of largest ever trade deal

Published: (Updated: ) in Australian News by .

Australia’s Trade Minister Simon Birmingham has not yet heard from his Chinese counterpart, despite the Federal Government signing the largest ever free trade deal in history.

Federal Trade Minister Simon Birmingham has not yet heard from his Chinese counterpart, despite the Federal Government signing the largest ever free trade deal in history.

The Regional Comprehensive Economic Partnership (RCEP) was signed yesterday, with 15 countries including Australia, China, Japan, South Korea, New Zealand and the 10 members of the Association of South-East Asian Nations (ASEAN) including Indonesia and Vietnam, agreeing to the deal.

Mr Birmingham told Today he was yet to hear from Beijing, as tensions between Australia and China continue to loom.

READ MORE: Australian exporters bracing for $6b hit as China trade dispute worsens

"Our position remains the same," he said.

"We are willing to have that dialogue and engage in discussions with China.

"We do want to see these types of regulatory disruptions stop.

"They're deeply troubling and they're causing pain to Australia."

World leaders agreed to terms on the RCEP at the Association of South-East Asian Nations (ASEAN) summit in Bangkok last year.

The trade deal covers 30 per cent of the global economy.

Mr Birmingham said the trade deal would enable Australia to "seize growth opportunities" from Asia.

"We also want to support their leadership in our region," he said.

"They are a central filler for stability across the Asian region.

"And so it's an important deal - it brings together nine out of 10 out of Australia's existing largest trading partners, many of those in South East Asia, with the real growth potential for our businesses and exports."

Source: 9News https://www.9news.com.au/national/simon-birmingham-australia-yet-to-hear-from-china-largest-ever-trade-deal/04261108-2882-47eb-a120-6ac617849876

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