TradeLane

ChAFTA. What’s in it? (Part Two)

Posted by The Tradewin Team

9/22/15 9:30 AM

ChAFTA The ChAFTA will also open doors for investment projects and create new jobs thus boosting the economy.

The jobs, however, seem to be creating serious concerns amongst Australian labor force. The Australian Union, who was campaigning against ChAFTA, is arguing that the easing of labor market restrictions will inevitably jeopardize Aussie jobs and flood the country with unskilled workers. This is of course is a political debate that continues as I type these words; not for a humble trade consultant to comment on!

There are also concerns that since the Australian economy is much narrower and thus more vulnerable, it is likely to benefit to a lesser extent than the Chinese economy with its mega corporations and much less expensive labor costs.

In whole, however, ChAFTA seems to provide Australian businesses significant advantages over their international competitors. Lastly, it provides solid conditions for economic development of the Australian domestic economy.

Stay tuned for more information. As always, if you have any questions or concerns, feel free to reach out to your local Tradewin practice.

 

Topics: Export Compliance, Asia, South Pacific

Written by The Tradewin Team

Since 1997, Tradewin has been providing expert import and export advice to clients all over the world. Combined, our skilled team of Customs brokers, lawyers, accountants and other professionals possess more than 400 years of experience. Together, we've helped thousands of clients save more than $50 million in duties, guiding them through the ever-changing and complex arena of international regulations as effortlessly as possible.