A reality check for the China-Australia FTA

There are many reasons why Australians should be excited about the free trade agreement with China, but there remain a number of unknowns.

The free trade agreement with China is generating real excitement. In the view of one source close to it, “China has sent a powerful signal that it is prepared to open and do business with a developed economy”. Australian industry representatives were reportedly “shocked” at the breadth and depth of Chinese “concessions”. Most Australian commentators -- expert and otherwise -- believe the agreement to be far superior and lucrative to other FTAs we have signed with countries such as the US, Japan and South Korea.

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