The Government’s Free Trade Agreement (FTAs) policy aims primarily at maximising the economic benefits flowing to Australia from the negotiation of these agreements.
- FTAs foster freer trade flows and create stronger ties with our trading partners.
- FTAs don't just eliminate tariffs, they also address behind-the-border barriers that impede the flow of goods and services between parties, encourage investment, enhance cooperation, and can address other issues, such as intellectual property, e-commerce and government procurement.
- FTAs can increase Australia's productivity and contribute to higher GDP growth by allowing domestic businesses access to cheaper inputs, introducing new technologies, and fostering competition and innovation.
- FTAs promote regional economic integration and build shared approaches to trade and investment, including through the adoption of common Rules of Origin and through broader acceptance of product standards.
- FTAs can enhance the competitiveness of Australian exports in the partner market, and add to the attractiveness of Australia as an investment destination.
- FTAs can deliver enhanced trading opportunities that contribute to the sustainable economic growth of less-developed economies.
- FTAs can continue to provide benefits to parties as the agreements are implemented, including through phase-ins and in-built agendas that encourage ongoing domestic reform and trade liberalisation.