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One year in and ChAFTA wins

24 December 2016

Food exporters appear are first clear winners of the China-Australia Free Trade Agreement

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Federal Trade Minister, the Hon. Steve Ciobo says as a result of the cuts in tariffs to much of Australia’s leading produce "business is booming for those who have taken advantage of the preferential access the agreement offers to the world's second largest economy”.

The amount of fresh Australian grapes sent to China in 2016 was more than six times higher than the previous year. Similarly, rock lobster exports into China tripled and cherries, mangoes and abalone more than doubled.

With tariffs set to be cut again in 2017, the future looks bright for Australian businesses with a China strategy.

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