We support Australia’s work with other countries to advance our commercial interests and improve global wealth. We work with other Australian Government agencies to establish Free Trade Agreements (FTAs).
China-Australia Free Trade Agreement (ChAFTA)
ChAFTA opens significant opportunities for Australia in the world’s second largest economy, and by far our largest export market. The Agreement enhances a growing trade and investment relationship between two highly complementary economies.
Japan Australia Economic Partnership Agreement (JAEPA)
JAEPA is by far the most ambitious trade deal that Japan has ever concluded, particularly in agriculture. The also Agreement guarantees broad access to the significant and well-developed Japanese services market for Australian suppliers and provides enhanced protections and certainty for Australian investors in Japan.
Korea-Australia Free Trade Agreement (KAFTA)
Australia and Korea have one of the strongest and most complementary trading relationships in the Asia-Pacific region and KAFTA provides excellent outcomes for Australia. KAFTA is a world-class, comprehensive agreement that substantially liberalises our trade with a major market. Korea is Australia’s third-largest export market and our fourth-largest trading partner.
Pacific Agreement on Closer Economic Relations (PACER) Plus
Australia's primary objective is to promote the economic development of Pacific Islands Forum Countries through greater regional trade and economic integration. The agreement will provide long-term opportunity to create jobs, enhance private sector growth, raise standards of living, and boost economic growth in these countries.
Regional Comprehensive Economic Partnershio (RCEP)
RCEP is an ASEAN initiative bringing in its FTA partners (Australia, China, India, Japan, Korea and NZ). It aims to consolidate these FTAs and achieve more coherent regional trade and investment. RCEP countries account for almost half the world’s population and almost 30 per cent of global GDP in US dollars.
Trans-Pacific Partnership (TPP)
The TPP is a regional free trade agreement of unprecedented scope and ambition with great potential to drive job-creating growth across the Australian economy. The 12 countries that negotiated the TPP comprise almost 40 per cent of the world’s GDP. One-third of Australia’s total trade in goods and services is with the other 11 TPP parties.