Agriculture

All tariffs on dairy products will be phased out over four to 11 years

Tariffs on wines will be removed over four years

Tariffs on beef gone within nine years

Resources

Removal of tariffs on all resources and energy products, including iron ore, gold and coking coal

Removal of tariffs on non-coking coal over two years

Removal of tariffs on pharmaceuticals over four years

Trade in services

Australian law firms will be able to establish commercial associations with Chinese law firms in the Shanghai Free Trade Zone

A further 77 institutions will be added to an existing 105 Australian education providers that can take overseas students

Australian service providers can construct, renovate and operate whole Australian-owned hotels and restaurants in China

Financial services

Australian insurance companies will have access to China's third-party liability motor vehicle market.

Waiting period for Australian banks to engage in local currency, Renminbi, cut from three years to one year

Australian securities brokerage and advisory firms will be able to provide trading accounts, custody, advice and portfolio management to Chinese investors allowed to invest offshore

Investment

Total Chinese investment in Australia jumped 41.2 per cent in 2013 to $31.9 billion, but China only accounts for 1.3 per cent of total foreign investment

The threshold for private, non-state-owned, investment from China in non-sensitive sectors to go to the Foreign Investment Review Board will increase from $248 million to $1.08 billion.

The Australian government will screen investments over $15 million in telecommunications, media and defence industries and in agricultural land, as well as investments in agribusiness over $53 million.

[Source: http://www.smh.com.au/]