China wraps trade talks with Australia, Korea

China wraps trade talks with Australia, Korea

IN recent weeks, China has wrapped up bilateral free trade agreements with both Australia and South Korea.

The deal with Australia eliminates current tariffs on Australian beef over nine years. Howard Smith, newly elected president of Australia's Cattle Council, said the agreement provides more opportunities for Chinese consumers by alleviating the inflated prices currently paid for Australian beef due to import tariffs.

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