STORY HIGHLIGHTS


Australians say FTA with China is great

CNC
Added On June 22, 2015

The Australian and Chinese governments have signed a free trade agreement in Canberra, freeing up trade between the two countries.
 
Our correspondent in Sydney hears what the Australians say about the long-awaited deal.
 
China is Australia's top trading partner, with the two-way flow of goods and services exceeding 135 billion U.S. dollars last year.
 
Many Australians say the new agreement will further benefit industries and consumers in both countries.
 
Upon full implementation of the agreement, tariffs will be lifted on 95 percent of Australian exports, hurdles will be lowered for Chinese businesses to invest in Australia and more visas granted for Chinese on working holidays.
 
Australians will soon benefit from the cheaper cost of electronics and white goods, and their spending on these items is expected to boost the economy.