16 Apr 2021  • Free Trade Agreements

The China-Australia Free Trade Agreement (ChAFTA) came into force on December 20, 2015. Australian Trade and Investment Minister Andrew Robb, a signatory to ChAFTA, said: “This historic agreement with our largest trading partner will support future economic growth, job creation and a higher standard of living by increasing trade in goods and services and investment. China, with its 1.4 billion people and rapidly growing middle class, offers Australian businesses huge opportunities for the future. The Chambers of Commerce have a long history of developing the certificate of origin system, with the first certificate issued by the provincial industrial chamber of Marseille in 1898. The codification of the system took place with the 1923 Convention, and the International Chamber of Commerce maintains and updates international certificate-of-origin guidelines to ensure consistency in overall documentation standards up to electronic time. Today, more than 400 trade agreements contain preferential rules of origin, further broadening the objective of issuing preferential certificates of origin, so that the processing of goods can be requested at the border crossing in the context of preferential (or “free”) trade agreements. Before entering the Chinese business market, there are a number of factors to consider, including culture, politics and business etiquette. Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of market and Australian services. The public procurement chapter of each free trade agreement contains a timetable defining the authorities that are subject to these agreements. The full text of the agreements is available on the website of the Ministry of Foreign Affairs and Trade. An authority that is defined in a timetable, but which, since a machine has undergone the change of government, is still subject to agreement. Origin Certificates are a documentation system that is used in modern international trade for millions of transactions worldwide each year.