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8. GYNGELL SAID THAT THERE WAS SCOPE FOR FURTHER CO-OPERATION IN DEVELOPING THE CHINESE WOOL MARKET. (CHINA IS AUSTRALIA'S LARGEST MARKET FOR WOOL AND WOOL IS AUSTRALIA'S SECOND LARGEST EXPORT.) THE AUSTRALIANS HAD BEEN PLEASED THAT THE CHINESE WERE PREPARED TO REVIEW TARIFFS AND QUOTAS ON WOOL IN THE CONTEXT OF THEIR ACCESSION
TO GATT.
CONCLUSION
9. GYNGELL SAID THAT THE AUSTRALIANS HAD BEEN VERY SATISFIED WITH THE RESULTS OF BOTH VISITS. THE SIMILARITY OF AUSTRALIAN AND KOREAN VIEWS ON A RANGE OF INTERNATIONAL ECONOMIC ISSUES HAD SET THE TONE FOR CONSTRUCTIVE DISCUSSIONS AND KEATING HAD FOUND KIM YOUNG-SAM AN ENGAGING AND IMPRESSIVE INTERLOCUTOR. THE CHINESE HAD CLEARLY ATTACHED IMPORTANCE TO KEATING'S VISIT AND KEATING HAD BEEN IMPRESSED BY THE OPPERTUNITIES FOR DEVELOPING RELATIONS WITH CHINA (ALTHOUGH THE AUSTRALIAN HAD NO ILLUSIONS ABOUT GETTING ANY SPECIAL TREATMENT).
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