Abstract:In 2017，the positive impact of the China-Australia Free Trade Agreement on Sino-Australian economic and trade relations continued to emerge，the import and export potential of various industrial categories continued to be released，unprecedented bilateral trade growth has been witnessed. In terms of trade in goods，China and Australia have achieved rapid growth in clean energy and agricultural products while maintaining a stable growth on traditional energy sector. In terms of trade in services，education continued to be a key industry for Australia's exports to China. Due to influence of China-Australia Tourism Year，the number of mutual visits and tourism consumption both reached record highs. At present，China is Australia's largest goods trading partner，the largest source of imports and the largest export destination，Australia is the second largest destination for Chinese overseas investment. The tariff reduction brought by the China-Australia Free Trade Agreement will continue to stimulate bilateral trade between China and Australia in the next few years. The consensus on free trade between China and Australia government has laid a clear foundation for deepening future cooperation and trade. At the same time，the Australian economy's reliance on China has been further strengthened. China-Australia bilateral trade is increasingly affected by China's development strategy and industrial policies. The uncertainty of Australia's domestic politics and the spread of international trade protectionism also pose risks on bilateral trade.
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