These would centre on a proposed upgrade to the 21-year-old EU customs union with Turkey, which covers industrial goods but not agriculture, services or public procurement.
By financing projects with long-established institutions, the Beijing-based bank was able to move quickly because work on meeting environmental standards and procurement policies had been completed, staff members at the bank said.
In the agreement, China and Australia have explored in a pragmatic way further opening in multiple sectors, including e-commerce, intellectual property, government procurement and trade facilitation, some of which have reached the highest level of liberalization so far.
Arms procurement is also being reformed to emphasise competitive tenders and include the private sector in a push to lower prices and improve the efficiency of budgets.
This current round of talks has also dealt with trade rules, as well as topics such as e-commerce and government procurement.
