The China–Australia Free Trade Agreement (ChAFTA) took effect on 20th December 2015. It is an historic agreement that has delivered enormous benefits to Australia. It’s not only enhancing Australian competitive position in the Chinese market, but also boosting economic growth and creating jobs.
China imports about 1/3 of all Australian exports. For example, Australia’s export of iron ore to China in 2019-2020 financial year amounted to $150billon, and in 2014-2019 about $300billion.
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