Australia–China Free Trade Agreement

Australia–China Free Trade Agreement

Australia–China Free Trade Agreement

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The Australia–China Free Trade Agreement is a proposed bilateral Free Trade Agreement (FTA) between the governments of Australia and China. The first round of negotiations began on May 26, 2005, Department of Foreign Affairs and Trade after a joint feasibility study. Since then 15 negotiating rounds have been completed. In contrast to other countries, Australia is seeking a full FTA including all sectors instead of a gaining a smaller FTA on some issues. Negotiations have dragged on as Australia has been unsatisfied with China's offer on market access for goods including agricultural goods.

Criticism

Although negotiations are ongoing and the agreement's details are yet to be completed, there have already been criticisms of the FTA from some in the Australian manufacturing industry. The concerns relate to the possibility that by eliminating tariffs there will be an influx of cheaper Chinese imports, putting Australian manufacturers out of business., The Age, October 3, 2006, Department of Foreign Affairs and Trade

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