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Australia's original leather export market in China a few years shall be exempted from customs duties
Category：Industry news Publish：2015-07-21 09:46:04 View：1043次
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China leather net news: China and Australia both announced substantial ends of Sino-Australian free trade agreement, the two sides yesterday signed a letter of intent for a free trade agreement. According to a BBC news report, Canberra said, Sino-Australian free trade agreement finally opened after several rounds of negotiations, Australia open worth about tens of billions of dollars in the Chinese market. In 2013, the total trade between Australia and China for a $ 150 billion (about US $ 130 billion), and Australia Governments that the FTA will help the two countries bilateral trade volume added 20 billion Australian dollars (about 17.5 billion US dollars).
The past 20 years, China and Australia's trade increased steadily, China has become Australia's largest trade partner. According to Commerce Department data released showed that as of September this year, China continued to remain as Australia's largest trading partner, largest export destination and its largest source of imports.
Specifically mentioned in the BBC report, Australia 85% products, tariffs will not be imposed on exports to China, including raw leather and leather products. After the full implementation of the agreement, duty-free will increase to more than 95%. Australian Broadcasting Company's Web site reported that Australia farmers and exporters of leather industry welcomed the signing of the Sino-Australian free trade agreement, because it would mean Australia beef and raw products, such as the next few years can be achieved on the huge Chinese market tariff-free access.
According to the China leather net reporter, currently Australia leather skin and finished leather export, China's average annual gross domestic product of about 896 million dollars, Australia, such as cattle and sheep skin and finished leather needs to be imposed on exports to China of tariff rates between 5% to 14%. Australian Broadcasting Corporation reported that these tariffs will be cut to zero in the next 2-7 years. Sino-Australian free trade agreement formally implemented, to 2030, the free trade agreements or for Australia benefits of leather industry amounted to us $ 6 billion.
Australia country trade data from the Ministry of Commerce has issued in recent days, reporters found that the first 3 quarters of the year, Australia exported hides (except fur) and total leather $ 832 million, exports to China totalled US $ 597 million, up to 70% per cent, confirmed the news on China is Australia original reports of major consumer markets. FTA negotiations on trade in red meat members David Larkin said the gradual elimination of tariffs will cost Australia cattle and sheep farms, processing plants, and positive impact on exporters, Chinese customers and consumers can no longer pay the premium because of tariffs.
Products such as footwear, bags as well as China and Australia's main trading products. Commerce Department data showed, the first 3 quarters of the year, Australia footwear products imported amounted to 1.217 billion dollars, imports from China totaled US $ 769 million, compared to about 60% while Australia leather products and bags imported from China amounted to $ 516 million, an increase of 0.4%. According to BBC news that the Sino-Australian free trade agreement the two countries another important point is that Chinese exporters export to Australia of clothing, shoes, cars and electronic products will be exempt from tariffs.
The past 20 years, China and Australia's trade increased steadily, China has become Australia's largest trade partner. According to Commerce Department data released showed that as of September this year, China continued to remain as Australia's largest trading partner, largest export destination and its largest source of imports.
Specifically mentioned in the BBC report, Australia 85% products, tariffs will not be imposed on exports to China, including raw leather and leather products. After the full implementation of the agreement, duty-free will increase to more than 95%. Australian Broadcasting Company's Web site reported that Australia farmers and exporters of leather industry welcomed the signing of the Sino-Australian free trade agreement, because it would mean Australia beef and raw products, such as the next few years can be achieved on the huge Chinese market tariff-free access.
According to the China leather net reporter, currently Australia leather skin and finished leather export, China's average annual gross domestic product of about 896 million dollars, Australia, such as cattle and sheep skin and finished leather needs to be imposed on exports to China of tariff rates between 5% to 14%. Australian Broadcasting Corporation reported that these tariffs will be cut to zero in the next 2-7 years. Sino-Australian free trade agreement formally implemented, to 2030, the free trade agreements or for Australia benefits of leather industry amounted to us $ 6 billion.
Australia country trade data from the Ministry of Commerce has issued in recent days, reporters found that the first 3 quarters of the year, Australia exported hides (except fur) and total leather $ 832 million, exports to China totalled US $ 597 million, up to 70% per cent, confirmed the news on China is Australia original reports of major consumer markets. FTA negotiations on trade in red meat members David Larkin said the gradual elimination of tariffs will cost Australia cattle and sheep farms, processing plants, and positive impact on exporters, Chinese customers and consumers can no longer pay the premium because of tariffs.
Products such as footwear, bags as well as China and Australia's main trading products. Commerce Department data showed, the first 3 quarters of the year, Australia footwear products imported amounted to 1.217 billion dollars, imports from China totaled US $ 769 million, compared to about 60% while Australia leather products and bags imported from China amounted to $ 516 million, an increase of 0.4%. According to BBC news that the Sino-Australian free trade agreement the two countries another important point is that Chinese exporters export to Australia of clothing, shoes, cars and electronic products will be exempt from tariffs.
