Australia is one of the major trading partners of China, and the two countries have a history of strong economic relations. One of the key factors in this relationship is the Free Trade Agreement (FTA) signed by the two countries in 2015. This agreement has opened up many opportunities for businesses to expand their operations in both countries, and has created a more efficient trade environment for both Australia and China.

The FTA between Australia and China was signed on 17 June 2015, after almost a decade of negotiations. The agreement came into effect on 20 December 2015, and it has since provided a significant boost to the economic ties between the two countries. Under this agreement, both countries have agreed to eliminate or reduce tariffs on a wide range of goods and services, including agricultural products, resources, and manufactured goods.

The FTA has also created new opportunities for Australian businesses to expand their operations in China. For example, the agreement has opened up new markets for Australian companies in sectors such as finance, healthcare, education, and tourism. Additionally, it has made it easier for Australian firms to invest in China, and for Chinese firms to invest in Australia.

One of the most significant benefits of the FTA is the reduction in tariffs on agricultural products. China is Australia`s largest market for agricultural exports, and the FTA has created many opportunities for Australian farmers to sell their products to Chinese consumers. Under the agreement, tariffs on beef, dairy, and wine have been significantly reduced, and there are further reductions planned in the coming years.

In conclusion, the FTA between Australia and China has created a more efficient trade environment for both countries, and has provided significant benefits to businesses in both Australia and China. The agreement has opened up new markets for Australian firms in China, and has made it easier for Chinese firms to invest in Australia. The FTA has also provided a significant boost to the agricultural sector, by reducing tariffs on a range of products. Overall, the FTA has strengthened the economic ties between Australia and China, and has provided many new opportunities for businesses in both countries.