The services sector is poised to reap significant gains from the China-Australia free trade deal. Preferential access will be granted across key areas such as education, financial services, legal services, tourism and hospitality. This sector represents almost 70% of our gross domestic product. It will be an enduring feature of the economy long after the Pilbara and the Bowen Basin deplete their limited reserves of iron ore and coal. This deal provides Australia with the best market access provided to a foreign country by China on services. It also allows Australia to build on an export market already worth A$7 ... (full story)