Value of Aus­tralia’s ex­ports grows

China Daily (Hong Kong) - - BUSINESS -

Strong growth in the ex­port of goods and ser­vices has re­sulted in an A$49.1 bil­lion ($39.1 bil­lion) turn­around in the value of trade ex­ports in 2016-17, the na­tion’s trade min­is­ter an­nounced. In an of­fi­cial me­dia re­lease, Trade Min­is­ter Steven Ciobo said Aus­tralia’s ex­port mar­ket ex­pe­ri­enced an A$12.4 bil­lion sur­plus for 2016-17, up from a deficit of A$36.7 bil­lion in 2015-16. “The re­sult re­flects the Turn­bull gov­ern­ment’s com­mit­ment to free trade, which con­tin­ues to un­der­pin Aus­tralia’s en­vi­able eco­nomic pros­per­ity and high stan­dard of liv­ing,” Ciobo said.

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