Australia FTA favorable shipping industry, the tariff reduction is the main motivation

Deputy director of the Shanghai International Shipping Institute STRATEGIC shipping center analysis section analyzes the future of Australia signed a free trade agreement will benefit the development of the domestic shipping industry. "From the past two years, the development of the domestic shipping industry visibility, large increase in freight north-south routes, which include China, Australia and New Zealand increased freight routes." STRATEGIC believe that the core of negotiations between China and Australia is gradual tariff relief, decreased or zero tariff under the circumstances, will greatly stimulate trade between Australia and China, and to further promote the development of the shipping industry.

Australia or sign FTA

It is reported that China and Australia, the two sides signed a number of cooperation agreements covering trade, investment, energy, mining, agriculture, infrastructure construction, finance, education, new energy, polar oceans, climate change, tourism and other fields, including Statement of Intent between the two governments on the substantive end Australia Free Trade Agreement negotiations on strengthening investment cooperation framework agreement, a memorandum of understanding on climate change cooperation, mutual recognition of higher education qualifications and degree of agreement between Australia and corporate agriculture and food security for centuries Cooperation programs.

"Australia will sign a free trade agreement will undoubtedly favorable shipping industry." STRATEGIC told reporters that the cooperation between China and Australia is a win-win. China is a big country, the larger of China's commodity demand in Australia; at the same time, Australia has coal, iron ore and other raw materials needed resources is China. Thus, the future of China and Australia signed a free trade agreement the two sides have encountered play a complementary role, not only will greatly increase the volume of trade between China and Australia, will therefore promote the development of the shipping industry.

"China in addition to a large number of Australian coal and iron ore demand, as the demand for Australia's milk, wine and other farm products is also large." STRATEGIC analysis to reporters: "In Australia and China to strengthen trade Meanwhile, the domestic shipping industry will also increase because of both trade and rapid development. "

Zero tariffs favorable shipping industry

It is reported that Australia's commitment in terms of trade will eventually tariffs on goods imported from China dropped to zero. Australia's exports to China include bauxite, coking coal, thermal coal and other energy and resource products will be exempt from customs duties within two years. The Chinese enterprises to invest in the review of Australia from 248 million threshold amount increased to 1.08 billion Australian dollars AUD. Chinese RMB clearing bank will be established in Sydney. China awarded Australia 50 billion yuan RQFII quota. China substantially relax the Australian industry access, including up to 40 service areas of health care, legal and aged care, as well as dairy products, rice, wheat, wool and cotton and other agricultural products.

STRATEGIC to the "Securities Daily" reporters analysis: "The core of the future of China and Australia signed a free trade agreement that the zero tariff agreement."

It is reported that China and Australia on Monday signed a multibillion-dollar free trade agreement, Australia milk and other duty-free within four years is expected to enter the Chinese market. Also included are alcoholic products, horticultural products, seafood, coal and other cumulative exports accounted for 93% of the goods in Australia will cut tariffs to zero by 2019.

STRATEGIC said that if the tariff is reduced to zero, then the price advantage will lead to low-cost goods trade volume between China and Australia to increase, and is likely to further promote the growth of business and bulk shipping container business.

According to the Australian Government Statement: Minister of Trade Andrew & nbsp; Robb and Chinese Commerce Minister Gao announced the signing of a Letter of Intent Free Trade Agreement; expected to sign a free trade agreement in 2015; Australia Free Trade Agreement to increase in agriculture, resources, energy, manufacturing exports , services, competitive investment & nbsp ;.

China Institute of International Trade and Economic Cooperation Research Institute of Foreign Trade and Commerce Department Director Li Jian open to the media, said that since experience to judge trade zone with Australia since the establishment of free trade zone between between New Zealand and Australia produce more Chinese will be more convenience, giving consumers more choices. "Australia is relatively larger one supplier, Australia signed a free trade agreement will reduce future dairy products, cattle and sheep products, as well as some related products imports will increase."

"From the above-mentioned agreement visible, if Australia's exports to China include bauxite, coking coal, thermal coal and other energy and resource products will be exempt from tariffs within two years, then, will increase Chinese demand for raw materials described above, thereby promote the growth of bulk cargo shipping business, and similarly, the demand for Chinese already big iron ore and coal tax relief will encourage bulk shipping industry greatly increased the volume of business, "STRATEGIC analysis to reporters and said:." Also, because Australia is a large agricultural country, therefore, duty-free milk, wine, seafood and other agricultural products also will promote China's increased demand, will also promote the growth of bulk shipping industry. "