Australia's fishing industry eagerly awaits details of trade deal with China signed today
SEAFOODNEWS.COM [Launceston Examiner] By Daniel McCulloch - November 17, 2014 -
Tasmanian fishers are waiting with bated breath to discover what impact an Australia-China free trade deal to be signed in Canberra today will have on the state's seafood sector.
Prime Minister Tony Abbott and Chinese President Xi Jinping will today seal the agreement, which is understood to include significant tariff reductions for Australian seafood imported into China.
Exact details of the deal remain a closely guarded secret, but it is understood that existing seafood tariffs of about 15 per cent will be phased out.
Tasmanian Rock Lobster Fishermen's Association executive officer John Samson said the deal's impact on the state's fishing industries could be massive. Australia's major rivals in the rock lobster and abalone trade, New Zealand and Chile, do not pay tariffs on their imports into China.
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