Aus, China sign free trade deal

Australia and China have signed the long-awaited free trade deal, an agreement that will supply China’s wealthy and growing middle class with quality beef and wine, enriching Australian producers. The Winemakers’ Federation of Australia (WFA) have welcomed the agreement, which will draw down existing wine tariffs to zero over four years. With the potential to add tens of millions of dollars to the Australian wine industry’s export earnings, the free trade deal has prompted WFA to reinforce the need for increased Government funding to promote Australian wine overseas.