Visit to China for closer economic ties

I am visiting China from 15 to 16 September to strengthen our trade relationship through our two premier bilateral economic meetings – the Joint Ministerial Economic Commission (JMEC) and the Strategic Economic Dialogue (SED).

In Beijing tomorrow I will co-chair the JMEC with Minister of Commerce Zhong Shan. Australia and China enjoy a strong trade and investment relationship, with regular opportunities for ongoing dialogue.

Minister Zhong and I will discuss trade issues, including ways to grow and improve trade under the China-Australian Free Trade Agreement (ChAFTA). In particular, I will raise the importance of addressing non-tariff barriers to trade.

ChAFTA is delivering strong benefits for all Australians. It is the most favourable trade deal China has ever done with a developed economy. It has given Australian businesses a competitive advantage to capitalise on China's growing middle class and their increasing demand for the high quality goods and services Australia offers. Addressing non-tariff barriers will further grow our trade and investment.

China is Australia's largest trading partner with two-way goods and services trade valued at more than $155 billion. Further growing this trade with drive economic growth and create more Australian jobs.

This is my fourth trip to Beijing this year as Australian continues to strengthen its trade, tourism and investment relationship with China.

Treasurer Scott Morrison and I will participate in the SED on Saturday, our highest level bilateral economic meeting, with Chairman He Lifeng of China's National Development and Reform Commission.