Talks between Australia and Hong kong are set to discuss the free trade agreement and negotiate aiming to secure access for service providers within the year. They are trying to accomplish as soon as possible. Although tariffs on Australian goods is already settled at zero, these meetings are focused on enhancing the financial, travel, education, mining, construction, energy and transport companies.
Hong kong being the 12th biggest trading partner exchanges worth A$15.3 billion equivalent to $11.4 billion with an estimate of 600 Australian companies based in the Asian financial hub. This also grants access to marginalized Australian service providers in trading representing 22 percent of national exports.