Who can believe that the China-Australia Free Trade Agreement (ChAFTA) has now been in place for two years.
In the last two years, the majority of the problems surrounding the ChAFTA have been ironed out, with most suppliers and consignees recognising the key fields that need constant attention.
Since entering into force on this date in 2015, problems ranging from the wording on the document being incorrect, to problems with suppliers providing the only acceptable document – which can be found here.
The majority of the suppliers in China are now aware of the requirements of Australian Importers and these importers are reaping the benefits of this historic agreement with our biggest trading partner.
We’ve put together a list of points that shouldn’t be forgotten when requesting a ChAFTA from your supplier:
- There are many different Certificate of Origins – but there is only one acceptable for the China-Australia Free Trade Agreement. You can find a copy here.
- All fields of the document must be completed – including the origin criterion and the correct Australian HS code.
- Box number 12 (invoice number and date) MUST show the same number as shown on your commercial invoice. Box number 5 is to be utilised for different invoice numbers and subsequent information.
- The document must be signed and stamped by the appropriate authorising body in China (there’s only two!). We’ve listed them below:
One of the major benefits of the ChAFTA is reduced or eliminated duty rates for goods arriving into Australia.
Happy Anniversary ChAFTA!