Australia has nine Free Trade Agreements currently in force with New Zealand, Singapore, Thailand, US, Chile, the Association of South East Asian Nations (ASEAN) (with New Zealand), Malaysia, Korea and Japan. The countries covered by these FTAs account for 42 per cent of Australia’s total trade.
Australia concluded FTA negotiations with China in November 2014. The agreement will enter into force when domestic processes have been completed. China accounts for 23 per cent of Australia’s total trade.
Australia is currently engaged in six other FTA negotiations – two bilateral FTA negotiations: India and Indonesia; and four plurilateral FTA negotiations: the Trans-Pacific Partnership Agreement (TPP), the Gulf Cooperation Council (GCC), the Pacific Trade and Economic Agreement (PACER Plus), and the Regional Comprehensive Economic Partnership Agreement (RCEP). The additional countries covered by these negotiations account for a further six per cent of Australia’s total trade.
You can read more about each agreement at the Department of Foreign Affairs and Trade (DFAT) website www.fta.gov.au where you will find detailed guides including the full text of the agreements, helpful FTA information and factsheets and an FTA Portal for searching tariff outcomes under the FTAs.
