In recent years, direct trade with China has contributed 5.5% to Australia’s GDP and figures have only increased.
November 2014 saw the landmark Australia China Free Trade Agreement (ChAFTA) launched – giving Australians the access new to the world’s second largest economy. This agreement is for all products imported via Business to Business (B2B).
The agreement puts Australians in a competitive position in key areas such as aged care, agriculture, education, manufacturing exports, services, investment, resources and energy. Alongside trade deals already signed with Korea and Japan, ChAFTA is the newest piece of a powerful alliance between Australia’s major trading partners in North Asia. Read More