Other agrifood sectors, such as fruit and vegetables, meat and livestock, and dairy have also enjoyed double-digit growth over the same period. The entry into force of the China Australia Free Trade Agreement (ChAFTA) in December 2015 injected fresh impetus into an already strong trade and investment relationship, opening the door for Australian companies to penetrate more deeply into our largest export market. For more information and support visit Austrade’s critical trade updates page. Sign up, Receive alerts on events, information and insights relevant to you. The resource-intensive nature of China's development has meant that Australia's exports to China have expanded quickly over this period, driven by bulk commodities such as iron ore and coking coal. China is also Australiaâs most important partner for imports. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. See End-of-month meat export reports published in 2019, 2018, 2017, 2016, 2015, 2014, 2013 and 1997-2012 For older reports, access the Australian Government Web Archive . We’re seeing this focus on health and wellness continue to rise – even President Xi Jinping has put health at the centre of the Chinese Government’s agenda, saying it is a prerequisite for people’s all-round development and a precondition for economic and social development. Japan is the second-biggest export destination but its â¦ Australia has very strict restrictions on products that may contaminate the countryâs agricultural industry or environment. ‘Other personal travel services’ also accounts for a significant portion, making up around 30% of all exports. See a full list of restricted and prohibited products . Australian wine is also very well regarded in China, with only France exporting more wine into the country. Join now, Australian Trade and Investment Commission Act, International opportunities for Australians, Exporting food and beverage to China guide, China Aged Care Training Opportunities Map, Consumer products to China (personal care, fashion), Environment and water management to China, R&D development services and technology to China, OECD Guidelines for Multinational Enterprises, endorsed and promoted by the Australian Government, whitepaper on protecting your IP overseas, 2020 Australian Trade and Investment Commission. We generate market information and insights, promote Australian capability, and facilitate connections through our extensive global network. These citizens require accommodation, medical care, health products and qualified carers – much of which Australia can potentially help provide. One third of all of it goes to China, our biggest trading partner. The combined effect has been a virtual halving of daily market prices for lithium in China. Visit the Department of Foreign Affairs and Trade website for information on how to access the agreement, including details of preferential tariff rates for Australian exporters through an online portal. It might seem like a miniscule increase, but this equates to 2 million more births each year, which in turn will increase the demand for quality baby products, thereby having a significant effect on the export potential. When it comes to food, quality, safety, freshness and taste are paramount, with sophisticated cold chains and a sharp increase of flights between Australia and China meaning Chinese consumers can purchase fresh Australian produce almost on-demand. As strategic partners since 2009, Australia and India enjoy strong political, economic and community ties. From 1 January 2019, the conventional rates for Australia have reduced. EMDG applications can be lodged by approved consultants. This is supported by the data – sales of baby and child-specific products grew 13% to RMB17.1 billion in 2017. Business has begun reopening in China, driving up the demand of Australia's seafood exports. In 2001, China was the world’s 12th largest buyer of imported foods. As disposable incomes continue to rise, expect to see this penchant for premium products only increase. In 2018, there were 255,364 Chinese students enrolled in Australian education institutions (including schools), representing 29 per cent of all international enrolments. US goods exports to China declined in 2018, after breaking a record the previous year. While trade and investment relationships have been strong for many years, the enactment of the China Australia Free Trade Agreement in 2015 has boosted trade relations even further. Trade and Investment at a Glance provides high level statistical data on Australia's trade and investment profile on an annual basis. Sichuan, for example, has a shortfall 800,000 aged-care workers. China has been Australiaâs top agricultural export market since 2010â11. The focus on health and wellness and demand for premium products is also having an impact here, with organic milk formula recording growth of 30% in 2017. Coupled with the rising number of high-income families, and a growing knowledge of children’s care, we expect spending in this area to continue to grow. Increased trade creates more Australian jobs and delivers more opportunities for Australian businesses. The Export Market Development Grants scheme can reimburse up to 50% of eligible export promotion expenses above $5,000. China is Australiaâs biggest trading partner, representing 28% of Australiaâs export market. According to data from Austrade, seafood exports, for example, grew by 320% between 2016 and 2017. Australia supplied China with nearly half of its liquid natural gas (LNG) in 2018-2019, more than any other nation. Over the past decade, the Chinese economy has experienced growth averaging almost 8 per cent annually, underpinned by rapid urbanisation, industrialisation and increasing openness to world trade (Graph 1).
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