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Yesterday, Prime Minister Abbott formally signed the China-Australia Free Trade Agreement (ChAFTA) – a deal which the Government claims will deliver a $20 billion boost to trade by 2035.
According to DFAT, Over 85% of Australia’s goods exports to China (by value in 2013) will enter duty free when ChAFTA enters into force, rising to 93% after four years and 95% when ChAFTA is fully implemented.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.