New Free Trade Agreement with China

Last week China and Australia signed a new free trade agreement and this has enormous implications for Australia. In particular this will lead to 85% of Australia goods exported to China tariff free rising to 93% in 4 years time. The most significant impact will come with the Chinese having the ability to invest in non-sensitive area’s in Australia, such as commercial property, agriculture, resources etc up to AUD$1.078B without having to through the Foreign Investment Review Board.