China-Australia Free Trade Agreement,Foreign Investment,aged care,traditional Chinese medicine,health care,medical services

By Huang Jianwen, King & Wood Mallesons’ Investment Group

huang_jianwenOn June 17, 2015, the China-Australia Free Trade Agreement (“ChAFTA”) was officially signed by Australia’s Trade Minister Andrew Robb and China’s Commerce Minister Gao Hucheng. ChAFTA will benefit more than a dozen fields including goods, services, and investment. With respect to health services, ChAFTA increases foreign investors’ access to medical services and hospitals, enables certain qualified foreign physicians to offer services in China, permits the establishment of wholly foreign owned aged care institutions, and promotes cooperation in the field of Traditional Chinese Medicine (“TCM”) services. 
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