The Commonwealth Bank welcomes parliamentary support for the China-Australia Free Trade agreement.

The historic deal will open a key market for Australian business particularly in manufacturing, agriculture and commodities, while ensuring appropriate safeguards for the local job market.

Commonwealth Bank Chief Executive Ian Narev said: “We are very pleased to see our political leaders working together successfully on such a critical aspect of Australia’s future prosperity. Bi-partisan support for this landmark agreement will support economic growth and job creation for many years to come.

 “The agreement will reduce tariffs for Australian businesses in several key areas including manufacturing, commodities and agriculture while improving access for hospitality and professional services firms into a fast growing market.”