KAFTA news & updates

The Korea–Australia Free Trade Agreement (KAFTA) entered into force in December 2014, bringing ongoing trade benefits to Australian industries and individual businesses.

KAFTA committees meet periodically to ensure both Australia and Korea continue to get the maximum benefit out of the agreement.

DFAT provides regular updates to help Australian importers, exporters and producers make the most of KAFTA. Information about upcoming seminars, relevant media releases and new fact sheets are posted on this page.

November 2016

Second meeting of the Korea–Australia Free Trade Agreement Joint Committee

The second meeting of the Korea–Australia Free Trade Agreement (KAFTA) Joint Committee met in Lima, Peru on 17 November 2016 in parallel with the APEC Ministerial Meeting.

At the meeting, both sides acknowledged that the first two years of KAFTA had been smooth, highlighting the growth in the two-way goods and services trade. Of particular note was the growth in Korean passenger and goods vehicles and Australian agricultural products.

Read more about what was discussed at the second meeting of the Korea–Australia Free Trade Agreement Joint Committee.

Korean delegates on one side of a meeting table and Australian delegates on the other side.

November 2015

First meeting of the KAFTA Joint Committee

The first meeting of the KAFTA Joint Committee took place in Manila on 16 November 2015 alongside the APEC Ministerial Meeting.

Both sides shared the view that, although it was too early to make a thorough assessment of KAFTA, the increase in exports such as Korean passenger and goods vehicles and metal products, and Australian agricultural products (including sugar and horticulture) were positive signs of the agreement’s benefits.

Read more about what was discussed at the first meeting of the Korea–Australia Free Trade Agreement Joint Committee.

Acting Deputy Secretary Justin Brown and Korean Deputy Minister for Trade Tae-hee Woo shaking hands
Acting Deputy Secretary Justin Brown and Korean Deputy Minister for Trade Tae-hee Woo co-chair the first meeting of the KAFTA Joint Committee.

June 2015

The KAFTA Committee on Outward Processing Zones on the Korean Peninsula held its first meeting in Sydney on 2 June 2015. Senior officials from Australia and Korea exchanged information and agreed to meet again later in 2015.

May 2015

The Mutual Recognition Agreement between Engineers Australia and the Korean Ministry of Science, ICT and Future Planning was signed on 6 May 2015 during a visit to Seoul from the Parliamentary Secretary to the Minister for Trade and Investment, Steven Ciobo.

News

Past committee meetings

Updated information for Australian businesses

Developing the agreement

Last Updated: 17 October 2017

Contacts

DFAT welcomes your input into the operation of the KAFTA. Written submissions are particularly welcome before Joint Committee meetings. These should be forwarded, preferably by email, to:

Email: KoreaFTA@dfat.gov.au

Mail:

Korea FTA Coordinator
Free Trade Agreement Division
Department of Foreign Affairs and Trade
RG Casey Building
John McEwen Crescent
Barton ACT 0221

Submissions will be made publicly available on the DFAT website unless the author requests otherwise.