A STUDY ON FINANCIAL SERVICE TRADE BETWEEN AUSTRALIA AND CHINA

This article analyses the current position and potential problems in the Australia—China financial service trade. The world's financial service trade is underdeveloped compared with world merchandise trade. Similarly, the Australia—China financial service trade is also underdeveloped compared with bilateral merchandise trade. The major reasons lie with the late development of bilateral financial service trade, weak promotion by the Australian Government and China's immature legal and market system. The conclusion offers suggestions on how both sides might achieve success in the area of financial service trade in the negotiation of a bilateral free‐trade agreement.