Today the China Australia Free Trade Agreement (ChAFTA) was signed and tabled in the Australian Parliament following a decade of negotiations and seven months of document review and finalisation. Good things come to those who wait (and persevere). This historic milestone will boost trade and economic growth in both countries for years to come.
The formal agreement and ancillary arrangements are consistent with the summary material released by DFAT in November. The key issues are now well-traversed: investment protections and facilitation, reduction or removal of tariffs, and increased access for services businesses. We’re excited about this historic next chapter in the Australia-China relationship and we think you should be too. We’ve spent the past seven months thinking about and engaging with our clients on what this means for them. We set out below some headline thoughts on where the biggest opportunities are.
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