Xinhua, Canberra :
China’s Hong Kong Special Administrative Region has been declared a trusted trade partner of Australia, opening up bilateral trade between the two economies.
Under the Australian Trusted Trader (ATT) scheme, Australia can sign a Mutual Recognition Arrangement (MRA) with trade partners to secure faster, more secure and more reliable border clearance for exported goods.
The MRA with Hong Kong came into effect on Thursday, offering benefits to more than 140 accredited Australian exporters.
Prior to the agreement, Australian exports to Hong Kong were worth 12.9 billion Australian dollars (9.9 billion U.S. dollars) annually according to the Department of Foreign Affairs and Trade, making it Australia’s eight largest export market.
China’s Hong Kong Special Administrative Region has been declared a trusted trade partner of Australia, opening up bilateral trade between the two economies.
Under the Australian Trusted Trader (ATT) scheme, Australia can sign a Mutual Recognition Arrangement (MRA) with trade partners to secure faster, more secure and more reliable border clearance for exported goods.
The MRA with Hong Kong came into effect on Thursday, offering benefits to more than 140 accredited Australian exporters.
Prior to the agreement, Australian exports to Hong Kong were worth 12.9 billion Australian dollars (9.9 billion U.S. dollars) annually according to the Department of Foreign Affairs and Trade, making it Australia’s eight largest export market.
