Report Highlights: The Australia-China Free Trade Agreement (ChAFTA) has now been signed and the detailed text released. ChAFTA is China’s first free trade agreement with a major economy. It closes the gap between farmers in Australia and those in countries such as New Zealand and Chile which already have an FTA with China. The main agricultural sectors affected by ChAFTA are beef, dairy, wine, seafood, live animal exports and horticulture. The new text for ChAFTA provides further details of the regulatory framework for two-way investment between Australia and China and outlines the role for bilateral dispute resolution.