Breaking Down the Australia-China Free Trade Deal

The transcript discusses a significant trade deal between Australia and China, providing Australia with unparalleled access to China's services market. The deal aims to make 95% of Australian exports to China tariff-free, benefiting sectors like resources, energy, and agriculture. It is expected to boost Australia's economy, create jobs, and shift growth from mining to services. The agreement also eases investment rules for Chinese companies and positions Sydney as a new trading hub, enhancing trade efficiency and increasing investment potential.

What percentage of Australian exports are expected to head to China under the new trade agreement?

• 95%

• 100%

• 85%

• 50%

Which sector is Australia aiming to shift its economic focus towards, as mentioned in the trade agreement?

• Mining

• Manufacturing

• Services

• Agriculture

How long is it expected to take for beef duties to be removed under the trade agreement?

• 2 years

• 11 years

• 9 years

• 4 years

What is the new screening threshold for Chinese private companies investing in Australia?

• $300 billion

• $1 billion

• $500 million

• $215 million

What significant change did Jingping announce during the G20 regarding Sydney?

• Sydney as a new trading hub

• Sydney as a new tourism hub

• Sydney as a new cultural hub

• Sydney as a new technology hub