The China-Australia Free Trade Agreement (ChAFTA) is an agreement between the People`s Republic of China and the Commonwealth of Australia. It was signed on 17 June 2015, and was passed by the Australian parliament on 21 October 2015. The agreement lowers tariffs on many goods and services, creating new trade opportunities for Australian businesses.
If you`re interested in learning more about the ChAFTA, you can download the full agreement in PDF format from the Australian government`s Department of Foreign Affairs and Trade website. The PDF is available in both English and Chinese.
What`s in the ChAFTA PDF?
The ChAFTA PDF is a comprehensive document that outlines the terms of the agreement. It covers everything from tariff reductions and rules of origin, to intellectual property and government procurement.
Some of the key features of the ChAFTA include:
– Immediate elimination of tariffs on 85% of Australian exports to China, including iron ore, wool, and beef.
– Tariff reductions on dairy, wine, and horticulture products over time.
– Increased market access for Australian service providers in areas such as education, finance, and healthcare.
– Greater protection for Australian investors in China.
– Improved labor mobility, making it easier for Australian professionals to work in China.
Why is the ChAFTA important?
The ChAFTA is significant for both Australia and China. For Australia, it provides access to the world`s largest consumer market, opening up new opportunities for Australian businesses. For China, it helps to secure its access to vital resources, such as iron ore, and promotes greater investment in Australia.
The ChAFTA also strengthens the relationship between the two countries, which is important given the increasingly complex geopolitical environment in the Asia-Pacific region. It demonstrates the willingness of both countries to work together and engage in mutually beneficial trade.
The ChAFTA is a major trade agreement that has the potential to deliver significant economic benefits to both Australia and China. If you`re interested in learning more about the agreement, downloading the PDF from the DFAT website is a good place to start. As always, it`s important to consult with trade and legal experts to fully understand the implications of the ChAFTA for your business.