Chafta Trade Agreement

The China-Australia Free Trade Agreement (ChAFTA) entered into force on 20 December 2015. This first free trade agreement (FTA) gives Australia a considerable advantage in its trade relations with China, now the world`s largest economy. The potential benefits to Queensland will be significant in key industries of agriculture, agriculture, mining, manufacturing and a wide range of services. There will be a work and holiday agreement in which Australia will grant Chinese nationals up to 5,000 visas for work and holidaymakers. [7] The free trade agreement was signed between the two countries on June 17, 2015 in Canberra, Australia. [4] The agreement will follow the usual treaty-making process, where it will enter into force when China reviews its domestic legal and legislative procedures and, in Australia, through the inter-two-three treaties of the Australian Parliament and the Senate Committee on Foreign Affairs, Defence and Trade References. [4] The China-Australia Free Trade Agreement (ChAFTA) is a bilateral free trade agreement (FTA) between the Australian and Chinese governments. Since the beginning of the negotiations, 21 rounds of negotiations have been concluded. [1] The agreement was concluded on 17 November 2014 and published two days later[2] almost 10 years after the first round of negotiations, which began on 23 May 2005[3], following a joint feasibility study. The free trade agreement between the two countries was signed on June 17, 2015. [4] In accordance with the usual procedure for concluding the contract, the agreement entered into force on 20 December 20 The Australian Parliament`s Standing Joint Committee on Treaties and the Senate`s Committee on Foreign Affairs, Defence and Trade References carried out a review on 1 December 2015.

[4] [5] ChAFTA will encourage trade and investment between countries by reducing barriers to labour mobility and improving access to temporary entry within each country`s immigration and employment frameworks and safeguards. The full text of the agreement as well as useful information and fact sheets on free trade agreements are available on the website of the Ministry of Foreign Affairs and Trade. For any specific questions regarding the agreement, email or call DFAT on 02 6261 1111.