Australian farmers, consumers to benefit from free trade deal with China Prime Minister Tony Abbott says a historic US-China emissions deal won't change the G20 agenda. Prime Minister Tony Abbott greets China's President Xi Jinping during the official welcome at the Brisbane Convention and Exhibition Centre on Saturday. Picture: Ray Cash Source: Getty Images AUSTRALIAN food produce will be dramatically cheaper for one billion Chinese and Australians will pay less for clothing, electronics and white goods, under a historic Free Trade Agreement to be announced today. The landmark deal between Australia and China will be a boon for primary producers and the mining industry, with tariffs to be stripped from our fruit and vegetables, wine, seafood, beef, dairy, resources and energy exports. It is understood tariffs on coal will be dumped and once the agreement is fully implemented, tariffs on 95 per cent of Australian goods exports will be ditched. The announcement, a decade in the making, will be made on the same day Chinese President Xi Jinping makes a historic address to ­Federal Parliament. HOCKEY: US-China deal like Direct Action BAN KI-MOON: UN chief hails US-China deal The agreement will help dramatically build on the $150 billion of business already conducted annually between Australia and China. Signifying the importance of the deal, Prime Minister Tony Abbott has recalled both Houses of Parliament for Mr Xi's speech. Tomorrow Indian Prime Minister Narendra Modi will address Parliament and speculation is rife Mr Abbott will reveal that India and Australia have begun talks about a free trade agreement. Earlier yesterday, Mr Abbott's Parliamentary Secretary Josh Frydenberg hinted good news was near. "When you consider China is Australia's major trading partner, $150 billion worth of two-way trade, this is great news for the Australian cultural sector, the services sector,"" he told Sky News. Services make up 70 per cent of Australia's economy but only 17 per cent of Australia's exports. Australia began free trade negotiations with China in 2005, the same year that New Zealand did. "New Zealand concluded an FTA with China in 2008 and have seen more than a doubling of their trade."" Australian Industry Group chief executive Innes Willox said manufacturers had mixed feelings about the China-Australia FTA. Mr Willox admitted he was yet to see the detail. "Many are hopeful that an FTA will help them meet their export and investment ambitions by making the large Chinese market more accessible," he said.