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: