China-Australia FTA debate heats up
By Jane Goldsmith August 13, 2015 MINING bodies have blasted Labor’s “xenophobic” attitude, after it declared a $160 billion pending China-Australia free trade agreement (FTA) would threaten Australia’s “safeguards for jobs”. The implementation of the China-Australia Free Trade Agreement (ChAFTA), which would see tariffs removed on almost all Australian resources and energy products, is forecast to bring about $1.3 billion per annum into Australia’s exports industry. Within the coal sector, coking coal tariffs would be removed from day one, while thermal coal tariff would be phased out across two years. ChAFTA, which was signed in Canberra on 17 June 2015, is due to come into effect in 2016 after segregated domestic legal and parliamentary processes in both countries have been…