Globalization Trade (GT) is rather complex; but it is popular and feasible. Free Trade is a way for countries to exchange goods and resources. By taking comparative advantage of producing goods at a lower opportunity cost, it enables and encourages countries in more specialization on a global level.
With the officially signing of CAFTA "China Australia Free Trade Agreement”
, it makes it easier to penetrate the huge China market; therefore, there are more abundant trade and business opportunities available.
CAFTAssoc is one of the distinctive business associations in Australia and it is doing remarkably well. In fact, it is confidently striving towards its goal of becoming an outstanding business association
CAFTAsso, has established its intentions by helping business minded individuals with their future businesses. Offering an abundance of handy and relevant information solely on trade opportunities. Therefore, CAFTAssoc is cordially inviting you to contact us; we are earnestly looking forward to hearing from you soon.
Australia was the first country to initiate a bilateral FTA process with China, with talks beginning in May 2005 following a joint feasibility study and Australia’s decision to grant China ‘market economy status’ under World Trade Organization rules.
The China–Australia Free Trade Agreement (CAFTA) is a bilateral Free Trade Agreement (FTA) between the governments of Australia and China. After 21 negotiating rounds, the free trade agreement was signed between the two countries on 17 June 2015. The Free Trade Agreement (CAFTA) came in effect on 20 December 2015.
According to the Australian Department of Foreign Affairs and Trade, in 2014, China was Australia's largest export market for both goods and services, accounting for nearly a third of total exports. Because of this, there is a tremendous growing source of foreign investments.
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