It would appear that the details of the China Australia Free Trade Agreement (CHAFTA) has been agreed upon in parliament. The opposition proposed certain changes in relation to wages and the 457 VISA which can be read in further detail here however it appears our current government has accepted the proposal allowing the FTA to move forward. Ultimately it is another advancement toward implementation, however there is still long way to go until we know an implementation date.
I would like to draw your attention to this informative commentary made by Andrew Hudson which further details some of the hurdles brokers are likely to face and the processes that still needing to be finalised before business is able to benefit from the agreement.
As always if there is anything to you would like to know further please do not hesitate to contact us.
SILA Customer Service