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Recently, Australian Minister for Trade & Investment Andrew Robb and Chinese Minister of Gao Hucheng officially signed the Free Trade Agreement (FTA) between the two countries.The FTA covers over ten industrial sectors such as agriculture, mining,manufacturing and commercial services. When enacted, the tariffs(关税) on 85.4 percent of China and Australia goods will be subject to zero tariff rates (逐渐过渡到零关税,购物狂们要开心了!)gradually.
Further, both countries will grant each other the most favorable nation (MFN) treatment(最惠国待遇,又称“无歧视待遇”。它通常指的是缔约国双方在通商、航海、关税、公民法律地位等方面相互给予的不低于现时或将来给予任何第三国的优惠、特权或豁免待遇。), meaning that imports will be subject to MFN rates that are much lower than the general rates which apply to non-MFN nations. China is Australia’s largest trade partner,with 20 percent of Australian imports coming from China, and 36 percent of exports going to China.
(from china briefing) (部分图片内容摘自互联网,版权归作者所有)
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