Australia and China have signed a free trade pact allowing 85% of Australian goods to enter the latter tariff-free, Agence France-Presse reported. Under the deal penalties on virtually all resources and energy products will be abolished, as will duties on agricultural exports including wine, meat, seafood and dairy products. In return, Australia will remove the existing 5% tariff on Chinese electronics and electrical appliances. China also won concessions on foreign investment, with the threshold for government review to be lifted in most areas apart from agricultural land and agribusiness.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved