Australia-China Free Trade Agreement

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The Australia-China Free Trade Agreement is a proposed bilateral Free Trade Agreement (FTA) between the governments of Australia and China. The first round of negotiations began on May 26, 2005 ^[1] after a joint feasibility study.

[edit] Criticism

Although negotiations are on-going and the agreement's details are yet to be completed, there have already been criticisms of the FTA from some in the Australian manufacturing industry. The concerns relate to the possibility that by eliminating tariffs there will be an influx of cheaper Chinese imports, putting Australian manufacturers out of business. ^{[2] [3]}

[edit] References

1. ^ Australia-China FTA Negotiations, Department of Foreign Affairs and Trade
2. ^ Don’t worry about FTA, says China, The Age, October 3, 2006
3. ^ Interests and concerns of the Australian manufacturing sector, Department of Foreign Affairs and Trade