China-Australia: Free Trade Agreement, Tariff Elimination

The ChAFTA entered into force on December 20, 2015. According to the Department of Foreign Affairs and Trade of Australia, this agreement unlocks significant opportunities.
 
To give an example, the base rate for shelled macadamias exported from Australia to China before the agreement was 24%. Under the ChAFTA, the tariff was reduced to 19.2% on December 20, 2015. On January 1, 2016, there was a second reduction to 14.4%. The following reductions were on January 1, 2017 (to 9.6%) and on January 1, 2018 (4.8%). All tariffs on tree nuts and dried fruit will be eliminated on January 1, 2019 (see previous post).
 
Australian Government: China-Australia Free Trade Agreement