LAWYERS WELCOME FREE TRADE TALKS BETWEEN CHINA AND AUSTRALIA

July 09, 2008 | BY

clpstaff &clp articles

China and Australia will hold a new round of free trade talks in Beijing in the next few days, making it the eleventh round of talks on free trade agreement…

China and Australia will hold a new round of free trade talks in Beijing in the next few days, making it the eleventh round of talks on free trade agreement (FTA) since 2004.

Lawyers welcome this news as the FTA can not only liberalize trade between the two countries but can also encourage more Australian firms to open branches in China.

“For a law firm that wants to have greater opportunities in China, [the FTA] can relax the requirements of hiring Chinese staff and allow foreign firms to have further association with the local firms in China,” said Iain Sandford, deputy director of the international trade group at Minter Ellison.

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