Fictional Trade Minister Madeleine King accuses coalition of not establishing deep ties on the ground The trade agreement between Xi Jinping and Donald Trump is “the other disruptive factor” in the current environment, she said, because it forced China to buy a certain amount of goods from the United States, “which means they won`t buy that from us or anyone.” Trade Minister Simon Birmingham said the government would “continue to provide all possible administrative, diplomatic and political support to ensure that our exporters maintain the kind of market access they should have in China.” King supported this approach and said it was important for Australia and China to approve the rules and that the WTO procedure is “a way to create common ground between our two nations.” More broadly, King said, “I think the spirit between the two nations is a little broken in relation to our overall relationship.” Others, who have succeeded in securing free trade agreements with China, have benefited from a sharp increase in trade flows. For example, China`s imports from New Zealand have increased by more than 450% since the China-New Zealand Free Trade Agreement came into force in October 2008. China`s total imports increased by only 50% over the same period (Chart 6). The China-Australia Free Trade Agreement (ChAFTA) is a bilateral free trade agreement between the governments of Australia and China. Since the beginning of the negotiations, 21 rounds of negotiations have been concluded.  The agreement was reached on 17 November 2014 and the details were published two days later almost ten years after the first round of negotiations, which began on 23 May 2005, following a joint feasibility study. The free trade agreement was signed on 17 June 2015 between the two countries.  Following the usual conclusion of the contract, the agreement came into force on December 20, 2015, after the Chinese government completed its internal legal and legislative procedures and the Joint Treaty Committee of the Australian Parliament and the Senate Committee on Foreign Affairs, Defence and Trade conducted a review.   Australia and China signed the China Australia Free Trade Agreement (ChAFTA), which came into force on 20 December 2015.
Trade negotiations have secured many future benefits to Australia with Australia`s largest trading partner, China. The largest beneficiaries are those working in agriculture, manufacturing, services, investment, resources and energy. China also accepted a special clause recognizing Australia as the “most favoured nation” (MFN). This allows Australian companies to access the same agreements that China has in the area of free trade agreements with other nations (such as the United States) that could provide better access to the Chinese market. Before entering the Chinese business market, there are a number of factors to consider, including culture, politics and business etiquette. Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of market and Australian services. The establishment of the China-Australia Free Trade Area facilitates not only trade and investment between the two countries, but also the stable development of the Asia-Pacific region and the liberalization of world trade. The first round of negotiations took place in Sydney on May 23, 2005. But of course, the reward is worth the challenge. These trade policy developments will improve market access and help Australian exporters fully exploit the potential of the world`s next largest economy.