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China, Australia conclude FTA talks, pledge zero tariffs

  • Author:Melinda
  • Release on :2014-11-17
According to the results of the nine-year-long talks, Australia will eventually remove tariffs on all goods imported from China, and a vast majority of Australian products will enter China tariff-free.

As regards investment, the pair agreed to grant each other the most favored nation status once the FTA takes effect. They will greatly lower the review thresholds for corporate investment, and increase market access opportunities, predictability and transparency for such investment.

The two sides also committed themselves to opening up numerous service sectors to each other with high quality.

The above news was reproduced by China towel supplier Shenzhen City Dingrun Light Textile Import and Export Corp.Ltd, a company specialized in producing baby diapers, baby bibs, blankets, bath towels, tea towels, compressed towels, microfiber towels etc.