Tariffs going, going, gone

DEALS have now been completed with Australia’s “big three markets” after years of negotiations, says Department of Foreign Affairs and Trade (DFAT) assistant secretary of the free trade agreement (FTA) division, Michael Growder. “The basic point is; tariffs are going and they’re going in a big way,” he said. “The countries themselves are the economic powerhouses of Asia growing five per cent per year, dozens of times the size of the Australian economy – 14pc of our investment is from these three countries, but it’s growing really quickly.”