China and Australia are highly complementary economies and important trading partners for each other. In 2022, trade between China and Australia reached USD220.9 billion. In the first quarter of this year, bilateral trade reached USD58.8 billion, up by 10.9%. Trade and economic cooperation between the two countries are win-win in nature and serve the shared interests of the two countries and peoples.

We noted the news that Australian business delegation will visit China. China welcomes win-win commercial cooperation and exchanges between the business communities of the two countries. China will remain committed to high-standard opening-up, deepen global industrial chain and supply chain cooperation, and open the door wider. China’s development will provide broader market and opportunities for businesses from around the world, including from Australia.

During their virtual meeting in February, Minister Wang Wentao invited Minister Farrell to visit China when he’s available. The invitation was accepted. The two teams are maintaining close communication on the detailed arrangement of the visit. Thank you.