The China-Australia Free Trade Agreement (ChAFTA)
ChAFTA provides major preferential market access for Australia, with over 85% of Australia’s goods exported to China (by value in 2013) now entering duty-free upon entry into force, rising to 93% after four years and 95% when ChAFTA is fully implemented.
Overview of ChAFTA
China-Australia Free Trade Agreement
August 26, 2016 | pdf, 2.0 MiB
The China-Australia Free Trade Agreement (ChAFTA) was signed on 17 June 2015 and entered into force on 20 December 2015 when 7,289 individual Chinese tariffs were either cut, or eliminated completely.
A second tariff cut took place on 1 January 2016.
To ensure your business is fully equipped, download CHAFTA - 4 Steps For Your Business – August 26, 2016 [pdf, 789.5 KiB]
There are significant benefits for:
- Resources/energy manufacturing
- Professional services across a range of industries.
See the factsheet for the China-Australia Free Trade Agreement – August 26, 2016 [pdf, 2.0 MiB] for more information on the prospective benefits of the Agreement.
China is Australia’s largest trading partner. It buys almost a third of all Australian exports, valued at nearly $90 billion in 2014-15, and is our top overseas market for agriculture, resources and services exports.
Chinese investment in Australia has been growing strongly in recent years, reaching almost $65 billion in 2014.
Trade and investment with China is central to Australia’s future prosperity.