China-Australia Free Trade Agreement helps protect Australia from share market crash
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China-Australia Free Trade Agreement helps protect Australia from share market crash

The world share market was thrown into chaos as China’s foreign exchange fell by $135.7 billion last month.  With the yuan being one of the most influential currencies around the world, the effect was felt around the world as nervous investors watched on.

However, the interest in Australia as an investment opportunity has not faltered with Chinese investment still breaking records across many of our industries.  With the recently signed China-Australia Free Trade Agreement ChAFTA that was announced on 17th June, 2015, Australia’s ongoing relationship with China as a ‘business partner’ has been confirmed.

This agreement has given a reassurance to the Australian economy that China will continue on as the country’s biggest trading partner and be responsible for purchasing almost a third of Australia’s exports.  The ChAFTA was a ten year negotiation process and one of which gives Australia a solid relationship with China.

The agreement has also opened up the opportunity for projects in Australia over $150 million allowing the Chinese company to bring over their own workers on 457 visas. Despite concerns that these terms could strike against Australian workers, as stipulated in the regulations of issuing 457 visas, the jobs must be advertised locally beforehand.

The 457 Visas are available through:

  • Skilled Independent (Subclass 189 Visa)
  • Skilled Nominated (Subclass 190 visa)
  • ENS – Employer Nomination Scheme (Subclass 186 permanent)
  • RSMS – Regional Employer Sponsored Migration Scheme (subclass 187 permanent)
  • Long Stay Business Visa (Subclass 457 temporary)
  • If you would like to speak to one of our registered migration agents about the opportunities available through the 457 Visa scheme, contact our head office today.

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