China and Australia have made considerable progress on a free trade agreement between the two sides and on infrastructure investment, the Australian ambassador to China said on Friday.

Frances Adamson, the Australian ambassador, said that consensus has been achieved on several issues, helped by the synergies arising from hosting two major summits. While Beijing is hosting the Asia-Pacific Economic Cooperation meeting starting from next week, the G20 meeting will be held in Brisbane, Australia, on Nov 15 and 16.

It has been a "year of opportunity" with both countries working together and sharing common agendas and goals, the ambassador said.