‘China’s recognition of the relationship with Australia as a “strategic partnership” reflects the rapidly growing two-way trade, running at nearly 300 billion a year, as well as the leadership roles played globally and regionally by both countries.
Australia and China are co-members of the UN Security Council (China as a permanent member), the powerful G20, APEC and the East Asia Summit.
Australia has established comparable agreements with Indonesia and India….
Yesterday’s signing ceremony also formalised agreements for co-operation and co-ordination of development aid by both nations in the Asia Pacific region.’
Written by Mark Kenny on 10 April 2013