Australia-Republic of Korea Free Trade Agreement negotiations

Fact Sheet: Trade in financial services

Published 16 May 2014

Fact Sheet: Trade in financial services [PDF 49 KB]

The Australia-Korea Free Trade Agreement (KAFTA) will provide Australian financial service providers with the best treatment Korea has agreed with any trading partner, on par with its agreements with the United States and Europe. This includes:

A level playing field

Establishing a commercial presence

Cross-border supply of financial services

New financial services

Transparency and due process

Data processing