The union movement’s opposition to the China Australia Free Trade Agreement (ChAFTA) has ratcheted up since the agreement was signed in Canberra on June 17.
ChAFTA allows for 95% of Australian exports to China to be tariff free. These will include many agricultural products, including beef and dairy. In addition, there will be liberalisation of market access for the Australia's services sector, and investments by private companies from China under A$1.078 billion will not be subject to Foreign Investment Review Board approval.