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 entered into 11 FTAs with both individual countries and groups of countries. The countries covered by these FTAs account for almost 70% of Australia’s total trade.1 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
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership – CPTPP
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 3 economies represent over half of Australia’s exports.
1 Australian Trade and Investment Commission. (13 Mar 2019). Australia’s trade and investment linked to Asia’s powerhouse economies.
Free trade agreements in negotiation
Australia is currently engaged in other FTA negotiations, including:
- 4 FTAs concluded, but not yet in force:
- 7 FTAs under negotiation:
- Australia-European Union Free Trade Agreement
- the Gulf Cooperation Council (GCC)
- Australia-India Comprehensive Economic Cooperation Agreement
- The Trade in Services Agreement
- The Environmental Goods Negotiations
- Pacific Alliance Free Trade Agreement
- and the Regional Comprehensive Economic Partnership Agreement (RCEP)
- 1 prospective FTA to be negotiated:
Free trade agreement resources
TIQ PDF resources
- CHAFTA - 4 Steps For Your Business –26 August 2016 [pdf, 0.8 MB]
- China-Australia Free Trade Agreement –26 August 2016 [pdf, 2.1 MB]
- Japan Australia Economic Partnership Agreement –26 August 2016 [pdf, 0.5 MB]
- Korea-Australia Free Trade Agreement –26 August 2016 [pdf, 0.5 MB]