AUSTRALIA and China have signed a free trade agreement with Prime Minister Tony Abbott hailing it as "history making" for both countries.
Mr Abbott and China's commerce minister Gao Hucheng signed the deal in Canberra today following a decade of negotiations.
He said it was a globally significant deal and congratulated the respective negotiating teams.
"What you have collectively done is history making for both our countries, it will change our countries for the better, it will change our region for the better... change our world for the better," Mr Abbott said.
"This agreement will give our nations unprecedented access to each other's markets.