One year on, China-Australia FTA delivers for Hinkler
Today marks the first anniversary of the ground-breaking China-Australia Free Trade Agreement (ChAFTA).
Member for Hinkler and Assistant Minister for Trade, Tourism and Investment Keith Pitt said ChaFTA has given Hinkler businesses a competitive advantage that is driving exports and creating new jobs.
“ChAFTA is the most favourable trade deal China has ever done with a developed economy,” he said.
“It has put Hinkler exporters in pole position to capitalise on China’s growing middle class and their increasing demand for the high quality goods and services we offer.”
Mr Pitt said Hinkler businesses exporting fresh fruit and vegetables, macadamia nuts and seafood have been big winners from ChAFTA.
“Under ChAFTA, the 10 to 25 percent tariff on macadamia nuts, almonds, walnuts, pistachios and all other nuts will be eliminated by 1 January 2019.”
Mr Pitt said another round of tariff cuts will occur on 1 January 2017.
“Further tariff cut means that Hinkler businesses exporting products like nuts and seafood will face a tariff less than half that paid by major competitors like France, the US and Canada,” he said.
“And every year, those tariffs will be cut again for Australia until they reach zero, building on the competitive edge ChAFTA is already providing for Hinkler exporters.
“ChAFTA is unlocking exciting possibilities to our largest export market.
“The Coalition Government is pursuing an ambitious trade agenda, and more agreements like ChAFTA, to create more opportunities for Hinkler to expand and employ more locals.”