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The Free Trade Agreement Between China And Australia

Shandong Polymer Additives Co.,Ltd | Updated: Nov 14, 2018

The Free Trade Agreement between China and Australia is a Free Trade Agreement being negotiated between China and the FTA . China-australia free trade agreement. The negotiations were launched in April 2005 and formally signed on 17 June 2015 and entered into force on 20 December 2015.

At the meeting, Chinese and Australian companies signed 11 agreements worth nearly a $15 billion over five years It covers a range of areas including tourism, resources, infrastructure, e-commerce and logistics services.

At present, China is Australia's largest trading partner and export destination, and Australia is China's sixth largest export destination. Bilateral trade volume between China and Australia reached 136.26 billion US dollars in 2017, up 25.9 percent year-on-year.

"from January 1,2019, or eight weeks from now, all Chinese goods entering Australia will be tariff-free, " the Australian trade, tourism and Investment Simon Birmingham said Including wine, baby formula and honey.