17 Sep ’21

Dfat China Australia Free Trade Agreement

Following the recent entry into force of the agreement, on 20 December 2015, 92.9% of China`s imports of these products from Australia are now imported duty-free, with most of the remaining duties being eliminated within four years. So, who are the possible winners? The deal seems to be a good thing for many Australian sectors, but especially for agriculture, resources, energy and manufacturing. Some of the winners in the agricultural sector are dairy, beef, sheepmeat, wine, horticulture, barley, wool and seafood. For resources, energy and production, these will include coal (coke and non-coke), copper, aluminum, iron ore, crude oil and liquefied natural gas (LNG), as well as a number of manufacturing industries. The benefits come in the form of tariff reductions. . . .

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