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Commerce: china-australia fta credits Chinese goods tariffs on $1.66 billion, garment machinery benefit is obvious

Release time:2016-03-05
  O great wisdom, tak news agency, June 18, great wisdom news agency on Thursday from the ministry of commerce spokesman Shen Danyang learned that the china-australia free trade agreement signed on Wednesday will make the products of China's exports to Australia raised $1.66 billion in tariffs.


  Measure according to the ministry of commerce, the agreement takes effect when you get $1.02 billion in relief, agreement comes into effect three years can get $1.6 billion in relief, agreement after full implementation, will make the products of China's exports to Australia $1.66 billion tariffs.


  Shen Danyang said the tariffs mainly benefit China's clothing and leather, electrical and mechanical products, finished products, steel and other metals, and chemical products, sum up the above five products reduction amount can be accounted for more than 90% of the total amount of relief.


  Shen Danyang, said China's exports to Australia now only 0.7% of China's total exports, agreement, may be increased to 2.1%, China's exports increased potential larger product of the above five categories.


  After 10 years of 21 after rounds of negotiations, China's commerce minister gao hucheng with Australia's trade and investment minister Andrew Roberts in Canberra on Wednesday formally sign the china-australia free trade agreement (FTA), the FTA will take effect on January 1, 2016.

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