A free trade agreement between Australia and China was officially signed earlier in the month cementing the Australian government’s commitment to increasing trade and tourism between the countries.
The agreement was signed by Minister for Trade and Investment Andrew Robb and Chinese Commerce Minister, Gao Hucheng. Mr. Robb confirmed the benefit to the Australian economy by implementing the landmark agreement. “Chinese travellers are growing exponentially and it is estimated that by 2020, more than 200 million Chinese people will be travelling to destinations including Australia.”
The defining element of the agreement is the new ten year pilot visa that will be available to eligible Chinese nationals and will replace the existing three year visa. The change has been implemented to compete against other countries, such as the United States of America, for the Chinese tourism market.
Australia received an 18.4 per cent increase in Chinese travellers from the same time last year which has encouraged the Australian government to strengthen it’s commitment in making Australia an easy destination for Chinese to visit in regards to applying for visas. “Increased visitor numbers in Australia translates into significant benefits for Australians and our economy. China is our largest source of tourism, already worth over $5 billion to the Australian economy.” Said Mr. Robb.
The ten year visa has been implemented to make the visa application process and ability to visit Australia, as easy as possible for the massive Chinese tourism market. Allowing repeat visits to Australia also increases the likelihood of Chinese investors investing in Australian business and trade.
If you are interested in the new pilot visa or any other visa opportunities to visit or invest in an Australian company, please contact our team of registered migration agents.