Australian Immigration Minister announces closer links with China

by Ray Clancy on November 27, 2017

in General Information

Relations between Australia and China have been going from strength to strength with easier access to visas and more people from the Asian country visiting than ever before.

Now that has been boosted by trade links which will give businesses and entrepreneurs from both countries even more opportunities.

China Australia

(esfera/Shutterstock.com)

Australian Immigration Minister Peter Dutton said that a new agreement will provide people from both countries with faster and more efficient access for trade and business.

Along with the Minister of China Customs Yu Guangzhou, Dutton signed a landmark Mutual Recognition Arrangement (MRA) between Australia and China at Parliament House.

The signing of the MRA enables the Department of Immigration and Border Protection (DIBP) and the General Administration of Customs of the People’s Republic of China (GACC) to formally recognise each other’s Authorized Economic Operator programmes.

‘China is our largest trading partner and this arrangement is expected to bring a benefit of $440 million to Australia’s economy over 10 years,’ Dutton said.

Je explained that MRAs reduce the regulatory burden on Australian business and promote market access for exporters. In particular the MRA with China will provide faster and more efficient access for Australian Trusted Traders (ATT) into the market of the nation’s most important trading partner.

‘This arrangement will provide Australian and Chinese businesses unprecedented access to trade facilitation benefits and will reduce costs for businesses trading between our two countries, while ensuring the integrity of our border,’ Dutton pointed out.

‘I encourage Australian business of all sizes to participate in the ATT programme in order to make the most of this exciting opportunity,’ he added.

Australia has existing MRAs with New Zealand, the Republic of Korea, Canada and Hong Kong, with negotiations underway with other major trading partners.

Dutton also pointed out that these arrangements improve Australia’s international trade competitiveness, contribute to economic growth, job creation and investment in the national economy.

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