The top Australian diplomat said Wednesday his country supports President Lee Myung-bak's policy toward North Korea focused on dismantling its nuclear weapons program before providing economic aid. Foreign Minister Stephen Smith also expressed hope that the two nations will sign a free trade agreement as a way for boosting bilateral ties.
ASEAN was showing strong commitment to try to wrap up negotiations on a free trade pact between the regional grouping, Australia and New Zealand, Australian Trade Minister Simon Crean said Sunday.
Australia's free trade talks with Japan are moving forward on Japanese lines. Four days of talks in Canberra have ended with promising offers on services and investment, and progress in all areas - except agriculture.
Talks on the ASEAN-Australia-New Zealand Free Trade Agreement (FTA) will be concluded next month, said Singapore President SR Nathan at a state banquet at the New Zealand Government House in Wellington on Monday.
Federal Trade Minister, Simon Crean, has welcomed the key findings of a non-government study into the feasibility of a free trade agreement between Australia and the Republic of Korea (ROK).
The Rudd government is considering giving cashed-up Chinese companies the same investment rights enjoyed by the US in a bid to revitalise free-trade talks.
On April 7, China and New Zealand signed a free trade agreement (FTA) covering trade in goods and services as well as investment, making it the first FTA reached by China with a developed country.