Xi Jinping and Tony Abbott at the signing of the trade deal
Media playback is unsupported on your device
Video

China and Australia sign major trade agreement

Australia and China have signed a landmark free trade agreement, after almost a decade of negotiations.

The agreement will gradually open up markets to billions of dollars of new business between the two nations.

Just before it was signed, Xi Jinping made an unprecedented address to both houses of the Australian parliament.

The BBC's Rico Hizon reports from Singapore on what both sides stand to gain from the deal.

  • 17 Nov 2014
  • From the section Asia
Go to next video: Xi Jinping on Australia trade deal