From January 1 next year, all Chinese goods entering Australia will be exempted from customs duties.
Australian enterprises are actively involved in the Chinese economy, which seems to be a good start for China-Australia economic development.
It is understood that China is Australia`s largest trading partner and largest export destination, and Australia is China`s sixth-largest export destination. In 2017, bilateral trade between China and Australia was US $ one hundred and thirty six billion two hundred and fifty nine million nine hundred and ninety nine thousand nine hundred and ninety nine, an increase of 25.9 percent over the same period last year.
According to the China-Australia Free Trade Agreement, China and Australia have made four tariff concessions since 2015, with imports from Australia beginning to gradually reduce tariffs, and a significant number of goods will achieve zero tariffs within five years. Next year New Year`s Day, China and Australia will carry out the fifth round of concessions.
The first China International Import Expo has already opened for two days. As one of the 66 countries invited to set up national pavilions at this Expo, the Australian business delegation to China International Import Expo this time, It is composed of more than 200 Australian enterprises.
Mainly concentrated in food and agricultural products and other fields!
On Nov. 7, Australia said all Chinese goods entering Australia will be free from tariffs from January 1, and China will also remove tariffs on Australian products such as wines, baby formula and other products on display at the Expo.
On November 7, Chinese and Australian companies signed 11 agreements with a total value of nearly A $15 billion over a five-year period, the Economic Watch reported on Nov. 8.
About 75.8 billion yuan! This shows that business ties between Australia and China are getting closer and closer.
Australia`s Trade, Tourism and Investment minister Simon Birmingham says these business agreements cover a range of areas including tourism, resources, infrastructure, e-business and logistics services.
Over a five-year period, the total price is A $15 billion. It can be said that all of them have been taken care of! The diversity of the coverage also shows that Australian companies will have more and broader opportunities in China.
At present, China is Australia`s largest trading partner and largest export destination country, and Australia is China`s sixth largest export destination, according to a report by the paper.cn. In 2017, bilateral trade between China and Australia amounted to one hundred and thirty six billion two hundred and fifty nine million nine hundred and ninety nine thousand nine hundred and ninety nine US dollars. Year-on-year growth of 25.9 percent.
In this fair, Australia`s New South Wales and Jingdong fresh cooperation, so that Australia`s New South Wales cherry for the first time into the Chinese market, after the domestic friends, can also eat cherry!
In addition, Australia`s health products brands, favored by Chinese consumers, have also appeared at the World Expo one after another.
Swisse, Australia`s famous health-care brand, has brought many new products that attract buyers and consumers, as well as a visit to Simon Birmingham.
It seems that Australia`s trade, tourism and investment in minister, Swisse sales in China, is also very concerned!
According to the China-Australia Free Trade Agreement, since 2015, China and Australia have made four tariff concessions, gradually reducing tariffs on goods imported from Australia.
And eight weeks later! All Chinese goods entering Australia will be free of tariff! The 11 agreements concluded include:
FMG Group and Angang Group International Trade Co., Ltd., Baogang Group International Economic and Trade Co., Ltd. and Lingyuan Iron and Steel Co., Ltd. signed iron ore and supply and transportation agreements;
ANZ Bank`s commitment to enter into financing arrangements with China diplomatic International (Hong Kong) Holdings Limited;
BBI Group signed a financing agreement with China Chong Group, and an iron ore supply and transportation agreement with Shanghai Shengxuan Group;
An agreement with Jingdong for the distribution of health care products through e-business channels;
Australian Post and China Inspection Certification (Group) Co., Ltd. signed a logistics service cooperation agreement including traceability and logistics tracking;
Adelaide Hong Kong and Macao Rugby Club signed an agreement with Rio Tinto Group to promote Australian rugby in China and support the original democratic movement initiative leader program;
Tourism Australia and China Eastern Airlines signed a commitment to promote tourism in the major Australian and Chinese markets;
The Australian Trade and Investment Commission has signed an agreement to expand the procurement of Australian products on the Suning e-business platform.
At present, Australia does not specify the amount of each transaction, and how many orders are new demand. However, Australia sincerely hopes that with China`s open education industry, Australian educational institutions will also have the opportunity to participate in it!
