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.
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.
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.
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.
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.
Past committee meetings
Updated information for Australian businesses
Developing the agreement