[16th China-Australia Ministerial Economic Joint Committee held in Beijing] on May 12, Minister of Commerce Wang Wentao and visiting Australian Minister of Trade Farrell co-chaired the 16th China-Australia Ministerial Economic Joint Committee in Beijing. The two sides conducted frank, professional and comprehensive exchanges on such issues as implementing the important consensus of the Bali meeting between the leaders of the two countries, steadily developing bilateral economic and trade relations, properly handling each other's economic and trade concerns, and expanding practical cooperation. Wang Wentao pointed out that the economies of China and Australia are highly complementary, the economic and trade cooperation between China and Australia has yielded fruitful results, and the Joint Commission has been launched again after six years, which is of landmark significance. The two sides should continue to implement the important consensus reached by the leaders of the two countries, focus on the long-term development of Sino-Australian economic and trade relations, seek common ground while reserving differences, expand common interests, resolve each other's concerns on the basis of equality and mutual benefit, and push the practical cooperation between the two sides to a new level. Wang Wentao said that the 20th CPC National Congress proposed that China will speed up the construction of a new development pattern and promote a high level of opening up to the outside world, which will bring new opportunities to all countries in the world, including Australia. China is willing to work with Australia to jointly expand more areas of cooperation and hopes that Australia can provide a good business environment and treat Chinese enterprises and products fairly and fairly. Farrell said that the economic and trade relations between Australia and China are strong, and the free trade agreement between the two countries promotes the sustained growth of bilateral economic and trade cooperation and makes positive contributions to Australia's economic prosperity and the well-being of its people. Recently, the two sides have made substantial progress in promoting bilateral economic and trade relations and properly addressing each other's key economic and trade concerns. The resumption of the Joint Commission sends an important signal that Australia-China relations are improving, and also indicates the stable development of bilateral economic and trade cooperation. It is hoped that the two sides will strengthen communication and promote more positive results. Australia is willing to continue to strengthen cooperation with China in multilateral and regional platforms such as the World Trade Organization (WTO) and APEC. The two sides agreed to restart economic and trade dialogue mechanisms such as the Joint Committee on Free Trade agreements and the High-level Trade Relief Dialogue, strengthen cooperation in green, low-carbon and Olympic infrastructure construction, and promote economic and trade docking between provinces and states. and support enterprises of the two countries to carry out cooperation in the field of digital trade and e-commerce.