In a recent interview with CGTN, Dominic Trindade, the commercial minister at the Australian Embassy in Beijing, emphasized that China and Australia are “natural trading partners” with a long-standing history of cooperation.
He highlighted that while trade in goods between the two nations is highly visible, trade in services plays an equally significant role in bolstering the two-way trade relationship.
“Services trade, though less visible than goods trade, is crucial in enhancing the economic ties between China and Australia,” Trindade noted.
The commercial minister’s remarks come at a time when both countries are seeking to strengthen their economic partnerships and explore new avenues for collaboration.
China and Australia have a rich history of trade relations, with both nations benefiting from mutual exchanges in various sectors such as education, tourism, finance, and professional services.
As global economies continue to evolve, the emphasis on services trade is becoming increasingly important, offering new opportunities for businesses and investors in both countries.
Trindade’s comments underscore the potential for further growth in bilateral trade, encouraging entrepreneurs, investors, and policymakers to focus on expanding services trade alongside traditional goods trade.
By acknowledging the vital role of services trade, China and Australia can enhance their economic partnership, fostering growth and prosperity for both nations.
Reference(s):
Australian diplomat: China and Australia 'natural trading partners'
cgtn.com
