Australia walks back China-Australia FTA

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When the China-Australia Free Trade Agreement (ChAfta) was signed five years ago, both parties agreed to review the pact after five years. However, Australia is showing little enthusiasm to do so:

The first five-year review of the historic free-trade deal between China and Australia appears dead in the water as the two countries continue their war of words with little sign of a truce in the escalating bilateral conflict…

A government source in Beijing with knowledge on the matter, speaking on condition of anonymity due to the sensitivity of the issue, told the South China Morning Post there had been no sign that the scheduled review would take place.

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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.