The Hon. Malcolm Turnbull MP, Prime Minister of Australia, and the Hon. Steven Ciobo MP, Minister for Trade, Tourism and Investment, have announced the conclusion of Peru-Australia Free Trade Agreement (PAFTA) negotiations, together with their Peruvian counterparts.
This agreement will launch a new chapter in economic relations between Australia and Latin America.
Both countries will now follow their own domestic treaty making processes before PAFTA can enter into force. For Australia, this will include a Joint Standing Committee on Treaties (JSCOT) inquiry. The full text of the agreement will be released once the agreement has been signed.