While the China Australia Free Trade Agreement may only be less than 2 weeks old, some key problems are being experienced by industry as regards certificates issued in China.
We wish our clients, staff and service providers the compliments of the Season, and look forward to a happy and prosperous New Year ahead. At least one financial institution has a bright outlook for 2016.
The DIBP has urged importers to ensure they are aware of the restrictions and border requirements for building products that may contain asbestos.
The China Australia Free Trade Agreement (ChAFTA) will come into effect on December 20, triggering a massive round of tariff cuts.
Goods transported through Hong Kong on their way to Australia are to be regarded as being under customs control at all times while in that territory and will not lose their Chinese-originating status.
This week new charges have been announced by both the DIBP (Customs department) and the DOA (Quarantine) which will affect importers.
New rules on the declaration of weights on shipping documents will take effect in 2016, placing the onus for correctness on shippers.
The Department of Agriculture (DOA) has introduced new fees and levies for the quarantine clearance of cargo, coming into effect on 1st December 2015.
The government is extending assistance to exporters in taking advantage of FTAs, while importers are cautioned about transshipment rules of the new ChFTA.
In an interesting week for Australian trading companies, the TPP has been signed, our dollar spiked at a six week high of 73 US cents and the RB left the cash rate on hold at 2 per cent.