The Coalition Governmenthas achieved an important milestone, with the entry into force of the China-Australia Free Trade Agreement (ChAFTA) on 20 December 2015.
ChAFTA is an historic agreement that will deliver real benefits to Australia, enhancing our competitive position in the Chinese market, boosting economic growth and creating jobs.
This means excellent outcomes for theAustralian economy and will have flow-on effects for jobs and economic growth - including in my home state of Tasmania.
It will deliver for Tasmania's renowned premium seafood, beef, wine, dairy, horticultural and honey exports.
Tasmanian dairy exports to China are already valued at $7.7 million (2014-15) and the phased removal of tariffs up to 20 per cent will allow businesses to grow and expand into the Chinese market.
It's also great news fortourism -not only will ChAFTA strengthen Australia's inbound tourism industry but it will also create new opportunities for Australian tourism providers in China.
Read my media release about theentry into force of ChAFTA here.
To learn more about how new Free Trade Agreements will create jobs and open up opportunities: http://openforbusiness.gov.au