Free trade agreements of Australia explained

Australia is party to 18 free trade agreements (FTAs) worldwide covering 30 economies.^{[1] [2]}

History

See also: Economic history of Australia.

Free trade agreements in force

Australia has bilateral and multilateral free trade agreements with the following blocs and countries:^[3]

Bilateral agreements

• : Closer Economic Relations (1983)^[4]
• : Singapore-Australia Free Trade Agreement (SAFTA) (2003)
• : Australia-United States Free Trade Agreement (AUSFTA) (2005)
• : Thailand-Australia Free Trade Agreement (TAFTA) (2005)
• : Australia-Chile Free Trade Agreement (ACl-FTA) (2009)
• : Malaysia-Australia Free Trade Agreement (MAFTA) (2013)
• : Korea-Australia Free Trade Agreement (KAFTA) (2014)
• : Japan-Australia Free Trade Agreement (JAEPA) (2015)
• : China-Australia Free Trade Agreement (ChAFTA) (2015)
• : Australia-Hong Kong Free Trade Agreement (A-HKFTA) (2020)
• : Peru-Australia Free Trade Agreement (PAFTA) (2020)
• : Indonesia- Australia Comprehensive Economic Partnership Agreement (IA-CEPA) (2020)
• : Australia-India Economic Cooperation and Trade Agreement (ECTA) (2022)
• : Australia-United Kingdom Free Trade Agreement (A-UKFTA) (2023)

Multilateral agreements

• ASEAN Australia NZ FTA (2009),^[5] with:
  • • • New Zealand
• Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) (2018),^[6] with:
  • • • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • United Kingdom (2024)
    • PACER Plus (2020),^[7] with:
  • Cook Islands
  • Kiribati
  • New Zealand
  • Niue
  • Samoa
  • Solomon Islands
  • Tonga
  • Tuvalu
  • Vanuatu
• Regional Comprehensive Economic Partnership (RCEP) (2022),^[8] with:
  • • • Cambodia
  • China
  • Japan
  • New Zealand
    • • • • Thailand
  • Malaysia
  • Singapore

Free trade agreements under negotiation

• : Australia-European Union Free Trade Agreement, entered negotiations in 2019, suspended since 2023.^[9]
• : Australia-UAE Comprehensive Economic Partnership Agreement, negotiations starting in 2024.^[10]
• : Australia-India Comprehensive Economic Cooperation Agreement (CECA), negotiating since 2011, suspended from 2016 to 2022.^[11]

See also

• List of the largest trading partners of Australia
• Economy of Australia
• Free trade agreements of New Zealand
• Free trade agreements of the United Kingdom
• Free trade agreements of the United States

External links

• Australia Department of Foreign Affairs and Trade – Official site

Notes and References

1. Web site: Free trade agreements Austrade . 2024-09-08 . www.austrade.gov.au.
2. Web site: About free trade agreements (FTAs) . 2024-09-09 . Department of Foreign Affairs and Trade.
3. Web site: Australia's free trade agreements (FTAs) . 2024-09-09 . Department of Foreign Affairs and Trade.
4. http://www.mfat.govt.nz/Trade-and-Economic-Relations/Trade-Agreements/Australia/index.php Australia and New Zealand Closer Economic Relations – NZ Ministry of Foreign Affairs and Trade
5. Web site: ASEAN Australia New Zealand FTA (AANZFTA). 22 January 2019.
6. Web site: Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). 22 January 2019.
7. Web site: PACER Plus . 19 August 2024.
8. Web site: Regional Comprehensive Economic Partnership (RCEP). 2 March 2022.
9. Web site: Heydon . Ken . 2023-11-29 . Australia's troubled EU trade deal still second best . 2024-09-09 . East Asia Forum.
10. Web site: 2023-12-13 . Australia says it will begin trade talks with UAE in 2024 . 2024-09-09 . Reuters.
11. Web site: Australia-India Comprehensive Economic Cooperation Agreement (CECA) . 2024-09-09 . Department of Foreign Affairs and Trade.