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The agreement covers trade worth about $1.2 billion a year.
Eventually it hopes to drum up trade worth £1bn.
Let's say Robbin and Engulf had two trades with each other, a European derivatives trade worth $200 and an American derivatives trade worth $180.
Bilateral trade, worth nearly $70 billion a year, is less encouraging than it looks.
China is Australia's biggest trade partner, with trade worth $53 billion last year.
China is Australia's biggest export market, with two-way trade worth $53 billion last year.
Turkey is also preparing sanctions which could affect bilateral trade worth £1.5bn a year.
If you think that there are more Freireichs than Barney Clarksons out there, that is a trade worth making.
His talk of a cross-border bus service, and mutual trade worth $5 billion by 2015, set few hearts racing.
Illegal trade, worth up to $20bn a year, is now happening at an industrial scale, driven by transnational organised criminals.
The imbalance of the relationship can be seen in the breakdown of their bilateral trade, worth around $100bn a year.
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