Dutton signs trade deal with China

Immigration Minister Peter Dutton has signed a Mutual Recognition Arrangement with China, in a move aimed at boosting trade between the two countries.

Mr Dutton and Minister of China Customs Yu Guangzhou signed the agreement in Canberra today, enabling the countries’ customs and border protection departments to recognise each other’s Authorized Economic Operator programs.

Australia already has similar arrangements with New Zealand, Korea, Canada and Hong Kong, with MRA negotiations underway with other major trading partners.

“China is our largest trading partner and this arrangement is expected to bring a benefit of $440m to Australia’s economy over 10 years,” Mr Dutton said.

He said MRAs reduced the regulatory burden on Australian businesses, and would provide faster and more efficient access to the Chinese market for Australian Trusted Traders.

“This arrangement will provide Australian and Chinese businesses unprecedented access to trade facilitation benefits and will reduce costs for businesses trading between our two countries, while ensuring the integrity of our border,” Mr Dutton said.

“I encourage Australian businesses of all sizes to participate in the ATT program in order to make the most of this exciting opportunity.”

Source: http://www.theaustralian.com.au/national-affairs/dutton-signs-trade-deal-with-china/news-story/b2371b81d116bd2168a0520367641bf4

3 Comments Add yours

  1. Diane Wilson says:

    What a load of BS. There is no way this will benefit Australia. China would never sign anything that would not be totally beneficial to China, including their being able to sue Australia if their profits fall due to Australia’s bankruptcy

    Like

  2. William Van Berkel says:

    It’s going to be pretty much one way traffic people. For God’s sake. How do we get rid of robber barons disguised as politicians?

    Like

  3. William Van Berkel says:

    It’s going to be pretty much one way traffic people. For God’s sake. How do we get rid of these robber barons disguised as politicians?

    Like

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