Fantastic news on the announcement of the concluded negotiations for the China-Australia Free Trade Agreement (ChAFTA).
A Declaration of Intent has been signed yesterday by Australian Trade and Investment Minister, Andrew Robb, and the Chinese Commerce Minister, Gao Hucheng.
The China-Australia Free Trade Agreement opens the door to trade and investment opportunities between the two countries as well as improved access for temporary entrants.
There have been discussions in regards to Investment Facilitation Arrangements and a Work and Holiday Arrangement. The details of the agreements are still to be finalised and approved by Governments.
The Investment Facilitation Arrangement will allow for Chinese owned companies registered in Australia undertaking large projects above $150 million will be able to negotiate labour flexibilities for specific projects.
Under the Work and Holiday Arrangement, Australia will be able to grant 5,000 Chinese work and holiday maker visas.
For more information, you can read here: Fact Sheet: Movement of Natural Persons – ChAFTA