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Decks cleared for ChAFTA as Labour ends standoff
21 Oct '15
4 min read
Regulations will require a person to obtain the relevant licence within 90 days after arriving in Australia and must notify the department of immigration if it is refused, revoked or cancelled.
Business groups welcomed the deal, but the union movement branded the concessions inadequate.
The Electrical Trades Union vowed to continue its campaign against Chafta, saying it had no faith that the immigration department, as it was currently resourced, had the capability to enforce the licensing requirements for 457 visa workers.
China is already Australia's top trading partner, with two-way trade of around $108.95 billion in 2013. Australia needs China's help to transition from a reliance on exports of minerals such as coal and iron ore to expanding its food and agricultural exports to a growing Asian middle class, moving from a "mining boom" to a "dining boom".
Once the agreement is fully implemented, 95 percent of all its exports will enjoy duty free entry into China, Australian officials have said. (SH)
Fibre2Fashion News Desk – India
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