AIRLINK 78.39 Increased By ▲ 5.39 (7.38%)
BOP 5.34 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.33 Increased By ▲ 0.02 (0.46%)
DFML 30.87 Increased By ▲ 2.32 (8.13%)
DGKC 78.51 Increased By ▲ 4.22 (5.68%)
FCCL 20.58 Increased By ▲ 0.23 (1.13%)
FFBL 32.30 Increased By ▲ 1.40 (4.53%)
FFL 10.22 Increased By ▲ 0.16 (1.59%)
GGL 10.29 Decreased By ▼ -0.10 (-0.96%)
HBL 118.50 Increased By ▲ 2.53 (2.18%)
HUBC 135.10 Increased By ▲ 2.90 (2.19%)
HUMNL 6.87 Increased By ▲ 0.19 (2.84%)
KEL 4.17 Increased By ▲ 0.14 (3.47%)
KOSM 4.73 Increased By ▲ 0.13 (2.83%)
MLCF 38.67 Increased By ▲ 0.13 (0.34%)
OGDC 134.85 Increased By ▲ 1.00 (0.75%)
PAEL 23.40 Decreased By ▼ -0.43 (-1.8%)
PIAA 26.64 Decreased By ▼ -0.49 (-1.81%)
PIBTL 7.02 Increased By ▲ 0.26 (3.85%)
PPL 113.45 Increased By ▲ 0.65 (0.58%)
PRL 27.73 Decreased By ▼ -0.43 (-1.53%)
PTC 14.60 Decreased By ▼ -0.29 (-1.95%)
SEARL 56.50 Increased By ▲ 0.08 (0.14%)
SNGP 66.30 Increased By ▲ 0.50 (0.76%)
SSGC 10.94 Decreased By ▼ -0.07 (-0.64%)
TELE 9.15 Increased By ▲ 0.13 (1.44%)
TPLP 11.67 Decreased By ▼ -0.23 (-1.93%)
TRG 71.43 Increased By ▲ 2.33 (3.37%)
UNITY 24.51 Increased By ▲ 0.80 (3.37%)
WTL 1.33 No Change ▼ 0.00 (0%)
BR100 7,493 Increased By 58.6 (0.79%)
BR30 24,558 Increased By 338.4 (1.4%)
KSE100 72,052 Increased By 692.5 (0.97%)
KSE30 23,808 Increased By 241 (1.02%)

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.