The U.S.-Chinese accord on climate control may have grabbed the most
headlines yesterday, but the trade pact signed between China and
Australia is likely to have a much bigger impact.
In the shadows of the G20 meeting in Brisbane, Canberra inked a
free trade agreement with Beijing that will see tariffs on all
resources and energy products removed within two years.
By agreeing to the deal, Australia will now reap the benefits of
zero tariffs on major exports like iron ore, gold, crude oil, and
liquefied natural gas (LNG). (more)
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