China-Australia free trade agreement signed

China-Australia free trade agreement signed——Textiles, clothing and leather goods earns

 

Forwarded from industry information by Shanghai Qinsun.2On June 17, 2015, china-australia free trade agreement signed.According to expert preliminary estimation, china-australia free trade agreement came into effect three years, will enable China's export products in Australia for about $1.6 billion or 96.45% of tariffs."Made in China" will enjoy higher tariffs, the main products include clothing, leather, electrical and mechanical, manufactured goods, steel and other metal products, as well as chemical products and so on.

 

The china-australia free trade agreement in content covers ten several fields such as goods, services, investment, implement the "comprehensive, high quality and balance of interests" goal, is our country and other countries has been signing trade and investment liberalization of the overall level of the highest one of the fta. In the field of the goods, the two sides each have 85.4% of the export trade products will take effect in the agreement as soon as zero tariff. Tax cuts after the transition period, achieve zero tariff items of Australia and trade proportion will reach 100%.

 

It is reported that five kinds of the most benefit from "made in China". According to mutual agreement, China enjoy high tariffs of the main products include clothing, leather, electrical and mechanical, manufactured goods, steel and other metal products, as well as chemical products, etc.; Australia will get higher tariffs products focused on energy, steel and metal products, as well as agricultural products in beef, wool and other agricultural products, dairy products, etc.

 

The relevant person in charge of the ministry of commerce said, "for export enterprises in our country, Australia achieve zero tariff tax items and trade proportion will reach 100%, and lower taxes transition period the longest do not exceed 5 years. When the agreement comes into effect, the implementation of zero tariff agricultural tax items and trade volume accounted for about 99%, industrial products reach about 91% and 81%, China's export products and enterprises will gain better export opportunities." China's textiles, clothing and leather goods, electronic and mechanical equipment, steel and metal products, mineral products, chemical and transportation equipment and other products will have bigger export growth potential, will further expand the export scale.

 

Minister of commerce gao hucheng said, this will powerfully promote the progress of the asia-pacific regional economic integration, expanding common interests for district family members towards the fate of the community to play a positive role.

 

Article from : Shanghai Qinsun Precision Instrument Co.,Limited