Australia has a number of Free Trade Agreements (FTAs) with international trading partners – and is currently negotiating FTAs with other countries, including India and Indonesia.
FTAs bring many benefits such as:
- reducing barriers to trade and investment, improving the overall competitiveness of Australia's exports
- removing behind-the-border barriers that impede the flow of goods and services between parties
- encouraging investment and enhance cooperation
- tackling other issues, such as intellectual property, e-commerce and government procurement
- addressing customs and trade facilitation matters
- improving access to cheaper, better quality or more technologically advanced imported inputs to business.
FTAs currently in force include:
- Australia-NZ (ANZCERTA or CER)
- Singapore-Australia (SAFTA)
- Australia-US (AUSFTA)
- Thailand-Australia (TAFTA)
- Australia-Chile (AClFTA)
- ASEAN-Australia-New Zealand (AANZFTA)
- Malaysia-Australia (MAFTA)
- Korea-Australia (KAFTA)
- Japan-Australia (JAEPA)
- China-Australia (ChAFTA)*
- Trans-Pacific Partnership (TPP-11)
- Peru-Australia (PAFTA)
*The China-Australia Free Trade Agreement (ChAFTA) will see more than 85 per cent of Australian goods exported to China tariff free, rising to 95 per cent after full implementation. The ChAFTA has major benefits for specific market segments, such as Australia's beef industry, which will experience a 25 per cent reduction in tariffs, providing a competitive advantage over other large beef exporters.
Other useful resources
- The Department of Foreign Affairs and Trade (DFAT) provides up-to-date information on FTAs in force and under negotiation
- For up-to-date information about FTA's in force with China, Japan or Korea, visit the Australia Government Free Trade Agreement Portal
- Export Council of Australia FTA tool is designed to help Australian exporters navigate the basics of Australia's Free Trade Agreements (FTAs) quickly and easily.
- Austrade runs seminars outlining how you can take advantage of FTAs