China–Australia Free Trade Agreement

[1] The deal was completed on 17 November 2014 and details released two days later,[2] nearly 10 years after its first round of negotiations that began on 23 May 2005[3] after a joint feasibility study.

[4] Following the usual treaty making process the agreement came into force on 20 December 2015, after the Chinese Government completed its domestic legal and legislative processes and the Australian Parliament’s Joint Standing Committee on Treaties and the Senate Foreign Affairs, Defence and Trade References Committee finished a review.

[6] Australia's Prime Minister Tony Abbott and China's paramount leader Xi Jinping announced the conclusion of negotiations for the China–Australia Free Trade Agreement (ChAFTA) on 17 November 2014.

In addition, there will be liberalization of market access for Australia's services sector, and investments by private companies from China under 1,078 million AUD will not be subject to FIRB approval.

[4] The agreement will follow the usual treaty making process whereby it will come into force when China will complete its domestic legal and legislative processes and in Australia, review by the Australian Parliament’s Joint Standing Committee on Treaties, and the Senate Foreign Affairs, Defence and Trade References Committee.