Everything about Australia-china Free Trade Agreement totally explained
The Australia-China Free Trade Agreement is a proposed
bilateral Free Trade Agreement (FTA) between the governments of
Australia and
China. The first round of negotiations began on
May 26,
2005 after a joint
feasibility study.
Criticism
Although negotiations are on-going and the agreement's details are yet to be completed, there have already been criticisms of the FTA from some in the Australian manufacturing industry. The concerns relate to the possibility that by eliminating
tariffs there will be an influx of cheaper Chinese imports, putting Australian manufacturers out of business.
Further Information
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