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INTRODUCTION OF THE CHINA-AUSTRALIA FREE TRADE AGREEMENT

The China-Australia Free Trade Agreement (ChAFTA) came into effect on 20 December 2015. This impacts data from the December 2015 issue of International Trade in Goods and Services, Australia (cat. no. 5368.0) onwards. The new preference code is shown in the table below:


Preference codeFree Standing Descriptor
DChina-Australia Free Trade Agreement (ChAFTA)



CHANGES TO THE CUSTOMS TARIFF IMPORT CLASSIFICATION

Following an ABS import classification review, new statistical codes under subheadings 0406.10 and 0406.20 have been introduced. The Working Tariff has been updated on the Department of Immigration and Border Protection website.

The previous codes were closed on 31 December 2015 and the new codes opened on 1 January 2016. The changes are shown in the table below:


Previous Customs Tariff
040610- Fresh (unripened or uncured) cheese, including whey cheese, and curd
0406100023KG- Fresh (unripened or uncured) cheese, including whey cheese, and curd
New Customs Tariff New Free Standing Descriptors
040610- Fresh (unripened or uncured) cheese, including whey cheese, and curd
0406100041KGMozzarellaFresh (unripened or uncured) mozzarella (excl. grated or powdered)
0406100042KGOtherFresh (unripened or uncured) cheese (incl. whey cheese & curd) (excl. mozzarella, and grated or powdered)


Previous Customs Tariff
040620- Grated or powdered cheese, of all kinds
0406200021KG- Grated or powdered cheese, of all kinds
New Customs Tariff New Free Standing Descriptors
040620- Grated or powdered cheese, of all kinds
0406200044KGMozzarellaGrated or powdered mozzarella
0406200045KGOtherGrated or powdered cheese, of all kinds (excl. mozzarella)


Previous Customs Tariff
040690 - Other cheese
0406909024KGMozzarella
New Customs Tariff New Free Standing Descriptors
040610 - Fresh (unripened or uncured) cheese, including whey cheese, and curd
0406100041KGMozzarellaFresh (unripened or uncured) mozzarella (excl. grated or powdered)
or
040620- Grated or powdered cheese, of all kinds
0406200044KGMozzarellaGrated or powdered mozzarella


For the current hierarchy of codes, please refer to the Current Tariff Classifications on the Department of Immigration and Border Protection website.

OUTCOMES OF THE REVIEW OF INTERNATIONAL ACCOUNTS STATISTICAL OUTPUTS

As Australia's national statistical agency, the ABS provides a statistical service that informs discussion and decision making. It is important that the ABS produces data that are required and in demand. In the area of Balance of Payments and International Investment statistics, the ABS has moved over the years to increase the range and extent of detail provided.

The ABS announced it was undertaking a review of International Accounts statistical outputs in the March quarter 2015 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) and related monthly releases of International Trade in Goods and Services, Australia (cat. no. 5368.0). The ABS received submissions from stakeholders which influenced the proposals considered and resulting outcomes.

Based on analysis of the range of statistics and reflecting user comments, the ABS is making changes to the International Accounts outputs to ensure they provide the most relevant and useful data to inform users of Australia’s interactions with the rest of the world. These changes are outlined in the Feature Article: Outcomes of the Review of International Accounts Statistical Outputs published in the June quarter 2015 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0), released on 1 September 2015.

From the January 2016 issue onwards, the International Trade in Goods and Services, Australia (cat. no. 5368.0) publication will include one additional time series spreadsheet and two additional data cubes. The additional table (table 17) will present a summary of revisions for goods and services in original terms. The additional data cubes (tables 18 and 19) will include international merchandise imports for the latest 7 months by country at the Balance of Payment Broad Economic Categories (BoPBEC) classification. These will be released at the 1, 2 and 4 digit levels. The format for these tables and new series ID's are available in the December 2015 issue of International Trade in Goods and Services, Australia (cat. no. 5368.0) as mock-up tables 17, 18 and 19.


FUTURE RELEASE DATES OF FOREIGN TRADE PUBLICATIONS
January 20163 March 2016
February 20165 April 2016
March 20165 May 2016
April 20162 June 2016
May 20165 July 2016
June 20162 August 2016



Commonwealth of Australia 2008

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