Australia Opens China’s Services Market With Free Trade Accord
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Australia hailed a free-trade agreement with China that it says provides unparalleled access to the services market of the world’s second-largest economy.
The deal, once signed in 2015, will mean 85 percent of Australian goods exports to China will be tariff free, rising to 95 percent when fully implemented, Prime Minister Tony Abbott said. Tariffs will be removed from some resources and energy including aluminum oxide and coking coal, and phased out on thermal coal over two years.