The Sino Australian FTA Is The Best Part Of The Agreement Between China And Its Partners.

Australian media said Australia's senior diplomats warned that Australia must deepen investment and trade with China as soon as possible so as to avoid giving up the advantages and strongly demanding other countries to occupy a certain share in the prosperous Chinese market.

Peter Varghese, Secretary of the Ministry of foreign affairs and trade, launched a strong defense for the Sino Australian FTA. He will hold an economic conference in Sydney on 10, saying that the Sino Australian FTA is the best trade agreement between China and all countries.

Reported that the Australian Parliament on the evening of 9 passed the Sino Australian FTA agreement related to the motion.

But critics say the agreement will open the floodgates of China's cheap labor force.

Varghese said that the competition for Chinese business will be more intense, so it is necessary to accelerate the pace of economic integration with the world's second largest economies.

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He said to the Australian Economic Development Committee: "if we want to make full use of the current changes in China, we must do our best to further integrate our economy and promote two-way trade and investment growth."

Varghese said, "let us not forget.

It is not the only country seeking to establish preferential economic agreements with China. "

He said: "competition in the Chinese market is very intense - it started a few years ago, and it will only become more intense in the next few years, even if China's economic growth slows down."

He said that the FTA with China, Japan and South Korea will increase Australia's national income by 24 billion 400 million US dollars between 2016 and 2035.

Varghese said: "the Sino Australian FTA is a very good agreement for Australia, and it is also the best agreement China has reached with all its partners so far."

He said, this item

It will improve the livelihoods of farmers and producers, because tariffs on dairy products, beef, mutton, wine, barley and seafood will be reduced or completely abolished.

Virtually all resources, energy and manufactured goods will be subject to tariff free entry into China within 4 years.

Varghese refutes the Union's claim that the agreement will allow Chinese businessmen and workers to enter unrestricted.

On the contrary, the company could not introduce skilled workers to infrastructure projects until it had sought out and found suitable Australian workers, the report said.

The report said that the Labour Party had blocked the passage of the relevant motion for months because of the fierce political competition at the edge of politics because there was a saying that Chinese companies would be able to import workers from overseas without fully exploring the employment of local labor force.

Varghese refutes this assertion.

Ultimately, however, this did not complicate the goal of allowing the agreement to take effect before the end of this year.

The agreement will take effect 30 days after the approval of the two legislative bodies.

Varghese said that this landmark FTA has the potential to consolidate Australia's future prosperity.