Australia Free Trade Agreement China

Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of merchant and Australian services. ChAFTA will strengthen export momentum and give Australian exports an advantage over major competitors from the US, Canada and the EU. It also puts Australia on an equal footing with competitors from countries like New Zealand and Chile, which have already negotiated trade deals with China. 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 recent entry into force of the agreement, on 20 December 1, 2015, 92.9% of Chinese imports of these products from Australia will be imported duty-free, with most of the remaining duties being eliminated within four years. . . .