Articles from January 2018
The China Australia Free Trade Agreement (ChAFTA) was ratified in December 2015 and offers a great opportunity for Australian manufacturers to export to P R China. ChAFTA, will over 5 years result in the removal of import duties on various categories of products exported from Australia into P R China. Quilts, pillows and similar bedding products are a designated category under the agreement which were previously subjected to a 20% import duty plus 17% VAT payable on importation. Under ChAFTA, the import duty rate reduces in stages and is currently 4% for imports in 2018, so the..
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