From January 1, 2019, all Chinese goods entering Australia will be exempt from customs duties.
Recently, at the import fair, Chinese and Australian companies signed 11 agreements covering a total of nearly 15 billion Australian dollars (about 75.8 billion yuan), covering tourism, resources, infrastructure, e-commerce and logistics. A range of areas including services.
Simon Birmingham, Australian Minister of Trade, Tourism and Investment, said: "From January 1, 2019, all Chinese goods entering Australia will be exempt from customs duties. China will also cancel a series of Australian exhibits at the Import Expo. Tariffs for products, including wine, infant formula and honey.
In 2019, China has cancelled all tariffs in Australia! And the most beautiful, from January 1, 2019, all tariffs on Chinese goods entering Australia will be cancelled!
It is understood that China is currently Australia's largest trading partner and the largest export destination country, and Australia is China's sixth largest export destination country. In 2017, the bilateral trade volume between China and Australia was US$136.26 billion, a year-on-year increase of 25.9%.
According to the China-Australia Free Trade Agreement, since 2015, China and Australia have carried out four tariff reductions, and imports of goods from Australia have begun to gradually reduce tariffs. A considerable number of commodities will achieve zero tariffs within five years. China and Australia will carry out the fifth round of concessions on New Year's Day next year.