On November 7, at the 1st China International Import Expo held in Shanghai, Chinese and Australian enterprises signed 11 sets of 5-year agreements concerning nearly 15 billion Australian dollars (RMB75.8 billion). These commercial agreements cover industries including tourism, resources, infrastructure, e-commerce and logistics service, etc. For example, Blackmores signed an agreement of health products distribution through e-commerce channels with Jingdong; Austrade signed an agreement to expand Australian products procurement on Suning e-commerce platform; and etc.

Simon Birmingham, Australia's minister of trade, tourism and investment, said that "the diversity of areas covered by these agreements demonstrates the breadth and diversity of opportunities available to Australian companies in China and the strong willingness of Australian companies to participate actively in China's economic transformation and sustainable achievements. The agreements signed today inShanghainot only demonstrate the current closeness ofAustralia's trade and investment relations withChina, but also reflect the potential for the future.

On November 8, state councilor and foreign minister Wang Yi held the fifth round of China-Australia diplomatic and strategic dialogue with his Australian counterpart Marise Payne inBeijing. The two sides agreed to implement another round of tariff cuts starting in 2019. By that time, almost all goods in bilateral trade will enjoy zero tariff.