"From January 1, 2019, 8 weeks later, all Chinese goods entering Australia will be exempt from customs duties," said Simon Birmingham, Australia's trade, tourism and Investment minister who came to Shanghai for the expo. Of course, this is important for many here, and China will likewise eliminate tariffs on a range of Australian products on display in CIIE, including wine, infant formula and honey. ”
Australia, the world's most dependent advanced economy in China. Now China is Australia's largest trading partner and largest export destination, and Australia is China's sixth largest export destination country. Bilateral trade volume between China and Australia in 2017 was US $136.26 billion, up 25.9% from the same period last year.
On 7 November, Chinese and Australian enterprises signed 11 agreements spanning 5 years, with a total value of nearly 15 billion Australian dollars (about 75.8 billion Yuan). China has sent a ceremony, a super list covering a wide range of areas, including tourism, resources, infrastructure, e-commerce and logistics services. Not only that, the Expo in Australia on display of a large number of exhibits, but also won the great favor of our country: next year, all the elimination of tariffs!
Duty-free is very a good news for both China and Australia. More trade between the two sides will not only be able to resist the threat of a global trade war, but also be more conducive to the rapid development of the economy. Australia's buyers, friends, must seize the opportunity 8 weeks later.
As a leading company in the sliding door and hardware industry, Metek company has been working hard to cover all global markets.We will take advantage of this opportunity to bring more of our products and designs to the Australian market.
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