China-Australia Free Trade Agreement works
2017/12/28 view:
An article in the Global Times recounts the history of the China-Australia Free Trade Agreement. This first came into force on December 20, 2015 after more than a decade of negotiations. And it is a success: Australian exports to China rose to record levels in 2016-2017. The removal or reduction of Chinese tariffs has strengthened Australian export numbers to China. Australia's goods and services exports to China rose 25 percent in 2016-17 to a record 110 billion Australian dollars ($84.3 billion).
Recent positive results should hold strong as tariffs continue to be reduced between the two nations. Fresh products such as seafood and fruit imports could be cheaper for Chinese businesses.
Source: Fresh Plaza
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