The agreement also provides for a Most Favoured Nation (MFN) clause that will protect Australia`s competitive position in the future if China gives favourable treatment to other trading partners in the areas of education, tourism and travel-related services, construction, engineering, securities, environmental services, forestry, computer and related services, as well as certain scientific and consulting services. In accordance with Australia`s other bilateral trade agreements, the remaining Australian tariffs on Chinese imports will be phased out. These include removing 5% tariffs on Chinese exports, electronics and white goods, consumers and businesses benefiting from lower prices and greater availability of Chinese products. If you need help filling out the forms, call us at 1300 622 883 or email email@example.com. Our team is there to help them. At ChAFTA, China offered Australia its best service obligations to date in a free trade agreement (with agreements with Hong Kong and Macao with China). If fully implemented, 99.9% of Australia`s resource, energy and production exports will be dumped in China duty-free. Before entering the Chinese business market, there are a number of factors to consider, including culture, politics and business etiquette. Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of market and Australian services. The China-Australia Free Trade Agreement (ChAFTA) came into force on December 20, 2015.
This first free trade agreement (FTA) gives Australia a considerable advantage in its trade relations with China, now the world`s largest economy. The potential benefits to Queensland will be significant in the key industries of agriculture, agriculture, mining, manufacturing and a wide range of services. China is by far Australia`s largest market for energy resources and products. In 2013-14, Australia exported more than $90 billion in resources, energy and industrial products to China. Following the last entry into force of the agreement, on 20 December 2015, 92.9% of Chinese imports of these products from Australia are now duty-free, with most of the remaining duties being removed within four years. The full text of the agreement, as well as useful information and information sheets from the ACF, are available on the website of the Ministry of Foreign Affairs and Trade. For any specific questions regarding the agreement, e-mail ChinaFTA@dfat.gov.au or DFAT phone on 02 6261 1111. Importers can contact the Ministry of the Interior. The China-Australia Free Trade Agreement (ChAFTA) came into force on December 20, 2015. Australian Trade and Investment Minister Andrew Robb, a signatory to ChAFTA, said: “This historic agreement with our largest trading partner will support future economic growth, job creation and a higher standard of living by increasing trade in goods and services and investment. China, with its 1.4 billion people and rapidly growing middle class, offers Australian businesses huge opportunities for the future.
ChAFTA offers Australia significant preferential market access: more than 85% of Australian products exported to China (in value terms in 2013), now come into force duty-free after entry into force and increase to 93% after four years and 95% if chAFTA is fully implemented.