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https://hdl.handle.net/1959.11/22893| Title: | Agricultural Trade under the China-Australia Free Trade Agreement: Challenges and Opportunities | English Title: | Agricultural Trade under the China-Australia Free Trade Agreement: Challenges and Opportunities | Contributor(s): | Chen, Ying (author) |
Publication Date: | 2017 | Handle Link: | https://hdl.handle.net/1959.11/22893 | Publication Type: | Book Chapter | Source of Publication: | Annual Report on Development of Australia (2016-2017), p. 260-273 | Publisher: | Social Sciences Academic Press | Place of Publication: | Beijing, China | ISBN: | 9787520119818 | Fields of Research (FoR) 2008: | 180117 International Trade Law | Fields of Research (FoR) 2020: | 480308 International trade and investment law 480399 International and comparative law not elsewhere classified |
Socio-Economic Objective (SEO) 2008: | 949999 Law, Politics and Community Services not elsewhere classified | Socio-Economic Objective (SEO) 2020: | 150101 International agreements on trade 150199 International trade policy not elsewhere classified |
HERDC Category Description: | B1 Chapter in a Scholarly Book | Publisher/associated links: | http://www.ssap.com.cn/c/2017-12-19/1064367.shtml | Series Name: | Blue Book of Australia | English Abstract: | After 10 years of marathon negotiations, the China-Australia Free Trade Agreement (ChAFTA) was signed in 2015. One of the major breakthroughs was the arrangement made to liberalize trade in the agricultural sector. This article reviews and assesses the actual implementation of the ChAFTA, revealing that trade liberalization in agriculture presents both opportunities and challenges for the two countries. Since the enforcement of the ChAFTA in December 2015, Australian agricultural products have gained greater access to the Chinese market, bringing enormous opportunities to Australian farmers and businesses. The import growth also satisfies Chinese consumers’ growing demand. Beyond that, it brings unprecedented competition to Chinese food and agricultural companies, pushing them to improve product quality and incorporate corporate social responsibility principles into their daily business operations. Meanwhile, Australia and China face huge challenges. For Australia, in the face of aggressive and well-endowed competitors such as New Zealand and the United States, how to gain and maintain a competitive advantage in the Chinese market is an ongoing battle. For China, with more foreign agricultural products entering the Chinese market, how to restructure its own agricultural industry to achieve the maximum efficiency is a priority that needs to be addressed with care. However, both the Chinese government and the Australian government have demonstrated a strong will to collaborate. They are capable of overcoming any difficulties and challenges that they may come across. This article predicts a promising future for the China-Australia agricultural trade. | Editor: | Editor(s): Sun Youzhong Han Feng and Li Jianjun |
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| Appears in Collections: | Book Chapter School of Law |
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