Free trade agreements provide a framework for Australia’s commercial relationship with trading partners, increase trade and investment opportunities, bring money into the Australian economy and help create jobs.
As Asia’s rapid economic growth continues, closer trade ties with major Asian economies are essential to Australia’s continued prosperity.
Australia pursues high-quality, comprehensive trade agreements when they offer net benefits to Australia, are World Trade Organization-consistent and support the global trade system.
Existing free trade agreements
Australia has 12 FTAs currently signed. The countries covered by these FTAs account for 70% of Australia’s total trade. These FTAs are helping Australians access new markets and expand trade in existing markets.
- New Zealand – ANZCERTA/CER
- Singapore – SAFTA
- Thailand – TAFTA
- US – AUSFTA
- Chile – AClFTA
- the Association of South East Asian Nations (ASEAN) (with New Zealand) – AANZFTA
- Malaysia – MAFTA
- Korea – KAFTA
- Japan – JAEPA
- China – ChAFTA
- Peru – PAFTA (not yet in force)
- Trans-Pacific Partnership – TPP-11 (not yet in force)
Korean-Australia Free Trade Agreement – KAFTA, Japan-Australia Economic Partnership Agreement – JAEPA, and China-Australia Free Trade Agreement – ChAFTA are relatively new trade agreements. Together these three economies represent over half of Australia’s exports.
Free trade agreements in negotiation
Australia is currently engaged in seven other FTA negotiations:
- 3 bilateral FTA negotiations:
- 5 plurilateral FTA negotiations:
Free trade agreement resources
TIQ PDF resources
- China-Australia Free Trade Agreement – August 26, 2016 [pdf, 2.1 MB]
- Japan Australia Economic Partnership Agreement – August 26, 2016 [pdf, 0.5 MB]
- Korea-Australia Free Trade Agreement – August 26, 2016 [pdf, 0.5 MB]
- CHAFTA - 4 Steps For Your Business – August 26, 2016 [pdf, 0.8 MB]