Australia’s prosperity depends on trade and investment. Open trade and competitive markets are key factors contributing to a strong and resilient economy. This is the best guarantor of jobs. Therefore the negotiation of high-quality, comprehensive bilateral and regional FTAs is an important economic strategy for the Government. FTAs can consolidate and extend the open trading environment for Australian business, meaning greater economic activity and more jobs for Australians.
Australia’s FTAs also form an integral part of improving the business environment and cutting red tape under the Government’s Industry Innovation and Competitiveness Agenda for a stronger Australia.
Following the conclusion of the China-Australia FTA, Australia has now concluded 10 FTAs with countries accounting for 75 per cent of our goods and services exports. Nine of these Agreements are in force. Additionally there are six other FTA negotiations currently underway.
Australia’s Free Trade Agreements
FTAs in force – (year of entry into force)
- Australia-New Zealand Closer Economic Relations (ANZCERTA) - 1983
- Singapore-Australia FTA (SAFTA) - 2003
- Thailand-Australia FTA (TAFTA) - 2005
- Australia-United States FTA (AUSFTA) - 2005
- Australia-Chile FTA (ACl-FTA) - 2009
- ASEAN-Australia-New Zealand FTA (AANZFTA) - 2010
- Malaysia-Australia FTA (MAFTA) - 2013
- Korea-Australia FTA (KAFTA) - 2014
- Japan-Australia Economic Partnership (JAEPA) - 2015
FTAs concluded - (conclusion)
- China-Australia FTA - November 2014
FTAs under negotiation - (launch/participation)
- Australia-Gulf Cooperation Council (GCC) FTA - 2007
- Trans-Pacific Partnership Agreement (TPP) - 2008
- Pacific Agreement on Closer Economic Relations (PACER) Plus - 2009
- Australia-India Comprehensive Economic Cooperation Agreement - 2011
- Regional Comprehensive Economic Partnership (RCEP) - 2012
- Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) – 2012