Australia and Korea have had a strong trading relationship for many years. This relationship was enhanced in December 2014 with the entry into force of a free trade agreement between our two countries. By removing certain barriers to trade and investment, the Korea–Australia Free Trade Agreement makes doing business between our two countries easier.
The Korea–Australia Free Trade Agreement (KAFTA) came into force on 12 December 2014.
Under KAFTA, Australian exporters to Korea gain a competitive edge for their goods exports, with nearly all Korean import taxes (tariffs) on Australian goods eliminated over time. Australian services exporters have better access to the market. Investment commitments in the agreement protect and enhance investment in both directions.
Making the most of KAFTA
To help you make the most of KAFTA, you can read the FTA information and fact sheets that summarise the main outcomes in a variety of sectors.
For more-detailed information on trading goods under KAFTA, there’s a Doing Business with Korea guide and a Guide to Importing and Exporting to read.
Also available are the full text of KAFTA and chapter summaries.
DFAT continues to monitor and review KAFTA to ensure it keeps delivering its intended benefits to Australian importers, exporters and producers. Get in touch with us if you’d like to have your say.
For the latest news on the KAFTA, visit the KAFTA updates page.
Visit the FTA Portal — to find your KAFTA tariff here, as well as other useful information on utilising the agreement.