Attorney-General's
Australia-Chile Free Trade Agreement
| 2007‑08 | 2008‑09 | 2009‑10 | 2010‑11 | 2011‑12 | |
|---|---|---|---|---|---|
| Australian Customs Service | - | -1.9 | -4.0 | -4.3 | -4.5 |
On 27 May 2008, the governments of Australia and Chile concluded negotiations on the Australia-Chile Free Trade Agreement. Under the Agreement, both parties agreed to eliminate tariffs on all imports from the other country by 2015. Both parties are committed to completing their respective domestic processes so as to give effect to the agreement from 1 January 2009. The cost to revenue is estimated at $14.7 million over the forward estimates period.
Under the agreement, most agricultural and manufactured goods imported into Australia from Chile will be duty-free from 1 January 2009. Remaining tariffs will be phased out from 1 January 2009, with all goods imported from Chile duty-free by 2015.
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