Australia PM says reaches China free trade deal

Reuters

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China's President Xi Jinping (R) shakes hands with Australia's Prime Minister Tony Abbott at Parliament House in Canberra November 17, 2014. REUTERS/Michael Bowers China's President Xi Jinping (R) shakes hands with Australia's Prime Minister Tony Abbott at Parliament House in Canberra November 17, 2014. REUTERS/Michael Bowers
Australian Prime Minister Tony Abbott confirmed on Monday he had concluded negotiations on a free trade deal with China and the countries would be signing an initial agreement later in the day.
The landmark deal, which comes after a decade of negotiations, will open up markets worth billions of dollars to Australian farm exporters and the services sector while loosening restrictions on Chinese investment in the resource-rich nation.
"I look forward to making further announcements on this landmark agreement later today," Abbott said in a statement.

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