China-Australia Free Trade Agreement (CHAFTA)
The Australian International Marine Export Group took a group of Australian companies on a four-day trade mission to China. This opportunity gave Australian companies the chance to network with targeted Chinese businesses, consolidate their knowledge on the China-Australia Free Trade Agreement (CHAFTA) and ensure Chinese companies understand how to utilise this agreement. All of this was made possible with support from the Australian Trade and Investment Commission (Austrade).
Key companies to participate were Aquamare, Bellingham Marine, Coursemaster Autopilots, David Lambourne Yacht Rigging and Consultancy, Hydrive Engineering, Marine Airflow International, Pyrotek Noise Control, Stern First, Seaway Logistics, Ronstan International, Silver Yachts and Vetus Maxwell. These Australian companies along with distinguished Chinese guests invited from Austrade China and the China Boating Association attended a CHAFTA Seminar on Thursday 27th April followed by a networking lunch where each Australian company was given the opportunity to speak to the audience regarding their capabilities. As a result of the individual introductions the Chinese companies present were able to target the Australian company of interest to them ensuring some very positive discussions and outcomes.
CHAFTA was introduced in December 2015 to support future economic growth, job creation and improve the standard of living through increased trade and investment with Australia’s biggest trading partner, China.
In-depth knowledge of CHAFTA is crucial for Australian and Chinese companies alike, hoping to create further business opportunities and successfully fostering greater engagement within the two markets; ultimately resulting in an increase of exports to China for Australian companies.
A database consisting of all Chinese companies familiar with CHAFTA and the benefits of trading with Australia will be collated and distributed to all AIMEX members; a valuable tool for the development of sustainable and ongoing relationships with Chinese business owners.
For further information please contact Lhamo – email@example.com
FTA Portal: https://ftaportal.dfat.gov.au/
For further information on CHAFTA click here.