Many FTA (Free Trade Agreements) have been signed lately – Japan, Malaysia, Korea and China. An army of international trade lawyers dedicate months, even years hammering out reductions in barriers and tariffs with their counterparts overseas.
This is what it means for you – lower import duties and new product opportunities
- All the talk is about export benefits – but Australia also drops our import barriers and tariffs as well
- Barriers like paperwork, quotas and permits are discussed – and sometimes removed
- The Thailand FTA apparently saw a massive spike in imports from Thailand, with some import tariffs dropping in double digits and making some product significantly cheaper
Think beyond Alibaba, and discover how FTA’s are a great way of finding new product import opportunities.