China FTA: everybody’s a winner?

In a great diplomatic success, Australia and China yesterday agreed to a landmark free-trade agreement (FTA) after ten years of negotiations, with President Xi Jinping crowning the celebrations by addressing Australia’s parliament. Under the deal, 85% of all Australia’s exports to China will be tariff-free, rising to 93% within four years and 95% within a decade. With China being Australia’s biggest trading partner – there was $150bn trade between the two nations in 2013, more than double our trade with Japan, the next biggest – who will be the big beneficiaries of this deal? And are there any losers? Australia’s...

In a great diplomatic success, Australia and China yesterday agreed to a landmark free-trade agreement (FTA) after ten years of negotiations, with President Xi Jinping crowning the celebrations by addressing Australia’s parliament.

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