Prime Minister Tony Abbott has listed some key points of the free trade agreement :





"More than 85 per cent of Australian goods exports will be tariff-free . . . rising to 93 per cent in four years," he said.





"Some of these goods are currently subject to tariffs of up to 40 per cent.





"On full implementation of the agreement, 95 per cent of our exports to China will be tariff-free.





"Some of the practical changes: T ariffs will be abolished for Australia's $13 billion-a-year dairy industry.





"Beef and dairy farmers will gain from the abolition of tariffs ranging from between 12 and 25 per cent.





"There will be the removal of tariffs on sheep meat ranging from 12 to 23 per cent.





"The 8 per cent tariff on aluminium oxide will be gone on day one of the agreement.





"The coking coal tariff will be gone on day one and I want to repeat that because there has been some misinformation about coal.





"The coking coal tariff will be gone on day one. Tariffs on Australian wine of between 14 and 30 per cent will be gone within four years and restrictive tariffs on sea foods will be gone within four years.



