Positives for miners in Australia- China free trade agreement
The announcement of the Australia-China free trade agreement in November provided some positive news for Australian coal miners. The 3% tariff on coking coal will be removed on day 1, however, the 6% tariff on thermal coal will not be phased out for another 2 years.
China is currently Australia’s second largest coal market, taking close to a quarter of all exports, and is the world’s largest coal consumer.
Greater access to the huge market is a significant boost for struggling coal miners.
Other Articles from this issue
Nine keys to small business growth for 2015
Have you returned to work feeling refreshed and energised about what you can achieve this year?
Local students race to a win at world finals
Merewether High School placed sixth in the world in the F1 in Schools International Finals in Abu Dhabi at the end of No...
The benefits of alternative dispute resolution
The benefits of Alternative Dispute Resolution such as mediation are many, however until now they have unfortunately not...
The Matriarch of Recruitment in the Hunter Valley
In the late 1980’s, highly respected Newcastle business stalwart the late Mrs Pat Callaghan (AO) affectionately referred...