The China-Australia Free Trade Agreement came into force 20th December 2015, adding to existing free trade agreements with Japan, Korea, Malayasia, Singapore and Thailand.
In theory at least these agreements give us access to the Asian middle-class, by far the fastest growing discretionary spending market in the world, with an appetite for better and more varied food.
The almost-completed, formerly 12-nation Trans-Pacific Partnerhsip (TT) would have drawn together and extended existing agreements but it’s been dealt a possibly fatal blow by the Trump administration’s withdrawal of the USA. The Australian Government is trying to keep the deal alive without the US.
So just how much are free trade agreements worth to us?…