AGL 40.10 Increased By ▲ 0.07 (0.17%)
AIRLINK 127.72 Increased By ▲ 0.02 (0.02%)
BOP 6.74 Increased By ▲ 0.13 (1.97%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DCL 8.84 Increased By ▲ 0.05 (0.57%)
DFML 41.65 Increased By ▲ 0.07 (0.17%)
DGKC 86.70 Increased By ▲ 0.91 (1.06%)
FCCL 32.71 Increased By ▲ 0.22 (0.68%)
FFBL 64.60 Increased By ▲ 0.57 (0.89%)
FFL 11.29 Increased By ▲ 0.74 (7.01%)
HUBC 112.00 Increased By ▲ 1.23 (1.11%)
HUMNL 14.90 Decreased By ▼ -0.17 (-1.13%)
KEL 4.91 Increased By ▲ 0.03 (0.61%)
KOSM 7.39 Decreased By ▼ -0.06 (-0.81%)
MLCF 40.75 Increased By ▲ 0.23 (0.57%)
NBP 61.25 Increased By ▲ 0.20 (0.33%)
OGDC 195.80 Increased By ▲ 0.93 (0.48%)
PAEL 27.59 Increased By ▲ 0.08 (0.29%)
PIBTL 7.80 Decreased By ▼ -0.01 (-0.13%)
PPL 153.66 Increased By ▲ 1.13 (0.74%)
PRL 26.65 Increased By ▲ 0.07 (0.26%)
PTC 16.20 Decreased By ▼ -0.06 (-0.37%)
SEARL 84.38 Increased By ▲ 0.24 (0.29%)
TELE 7.94 Decreased By ▼ -0.02 (-0.25%)
TOMCL 36.70 Increased By ▲ 0.10 (0.27%)
TPLP 8.90 Increased By ▲ 0.24 (2.77%)
TREET 17.26 Decreased By ▼ -0.40 (-2.27%)
TRG 57.60 Decreased By ▼ -1.02 (-1.74%)
UNITY 26.84 Decreased By ▼ -0.02 (-0.07%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,694 Increased By 501.7 (0.53%)
KSE30 29,399 Increased By 198.4 (0.68%)

imageSYDNEY: Australia's Foreign Minister Julie Bishop welcomed her Chinese counterpart to Sydney Sunday, saying the two nations were "on track" to sign a free-trade agreement this year strengthening their relationship.

Australia is hosting Foreign Minister Wang Yi for the second annual Australia-China Foreign and Strategic Dialogue, which comes ahead of Chinese President Xi Jinping's visit in November for the G20 summit in Brisbane.

"The Australia-China relationship is strong, it is mature, it is growing," Bishop said at a media conference with Wang.

"China is Australia's largest two-way trading partner. We are on track to sign a free-trade agreement with China later this year which will further strengthen this relationship."

The trade talks began in 2005, but stalled last year over agriculture and China's insistence on removing investment limits for state-owned enterprises.

Over the past year Australia has sealed free trade deals with Japan and South Korea.

The bilateral talks follow Australia's push to forge closer ties with Japan, China's regional rival. Japan's Prime Minister Shinzo Abe made a historic visit to Canberra and Perth in July.

Wang acknowledged that China "may not be Australia's closest friend at the moment, but we can surely become your most sincere friend".

He added that Australia was a "key cooperation power" for China in the Asian region.

"China welcomes and supports Australia to further understand Asia and to integrate into Asia," Wang said through a translator.

"And of course, we would also like Australia to play an active role as a bridge and as a link between the East and the West."

Bishop said the bilateral talks came at a time of "great global challenge" and were an opportunity to discuss the movement of citizens from the two countries to Iraq and Syria to fight for violent jihadist groups such as the Islamic State.

"The conflict in Syria and Iraq affects both our nations, for foreign fighters are leaving our shores to take part in the brutal and bloody conflict in the Middle East," she said.

"Our meeting together affords us an opportunity to discuss ways that we together can combat terrorism and extremism such as we've seen with the emergence of ISIL," she said, using one of the acronyms by which the Islamic State is known.

Comments

Comments are closed.