 According to the Australian Department of Foreign Affairs and Trade, in 2014, China was Australia's largest export market for both goods and services, accounting for nearly a third of total exports, and a growing source of foreign investment.Australia's Prime Minister Tony Abbott and China's paramount leader Xi Jinping announced the conclusion of negotiations for the China–Australia Free Trade Agreement (ChAFTA) on 17 November 2014.A Declaration of Intent to work towards signature of the Agreement was signed by Australia's Trade and Investment Minister Andrew Robb and China's Commerce Minister Gao Hucheng.