Free Trade Agreements

Free Trade Agreements (FTAs) are international agreements to remove or reduce trade and investment barriers between countries.

Benefits for business

FTAs can help Australian businesses to grow their business and attract investment. They can also help:

  • expand export markets for Australia
  • reduce imported input costs
  • help Australian businesses invest overseas more easily
  • attract overseas investors to Australia.

Preparing for FTAs

With barriers to Australian products and services falling overseas, you may find more international interest in your goods, services and ideas. You may also see an opportunity to invest overseas.

If it gets cheaper to import goods and services into Australia under FTAs, your business may face more competition. You may also find that overseas businesses become more interested in investing in your business.

To prepare your business for such opportunities and challenges, it’s a good idea to update your business plan and think about how you can improve the marketing of your business or identify opportunities for business growth.

Need help with FTAs?

FTAs can be used by large and small businesses. For example, you could take advantage of lower tariffs under an FTA to import into Australia, or look to export your products to FTA markets at lower or zero tariff rates.

Need help with FTAs? Try these great resources:

How businesses can use FTAs

Information about how you can take advantage of new opportunities under FTAs.

Information seminars about North Asia FTAs

Find out how to take advantage of Australia's FTAs with China, Korea and Japan.


Export Finance and Insurance Corporation (Efic)

Efic may be able to help you financially if you’re growing your business overseas.

Assistance from Austrade for exporters

Tailored services and general advice about exporting.

Learn how your business can benefit from the FTAs

The FTA Portal helps businesses to explore how they can best benefit from Australia’s FTAs, including a comprehensive tariff finder.

Recent FTAs with North Asia

Korea

The Korea-Australia Free Trade Agreement (KAFTA) came into force on 12 December 2014. Opportunities for businesses in these industries may include:

Manufacturing

Including liquefied natural gas, aluminium, automotive parts, sea salt and pharmaceutical products.

Services

Including legal, financial, accounting, telecommunications, education, engineering and other professional services.


Agriculture

Including beef, sugar, wheat, dairy, lamb, goat, wine and horticulture.

Investment

Investment outcomes for both countries.

Find out how you can use KAFTA to export and import goods.

 

Japan

The Japan-Australia Economic Partnership Agreement (JAEPA) came into force on 15 January 2015. Opportunities for businesses in these industries may include:

Resources, energy and manufacturing

Including coke, petroleum oils, apparel, plastic products, wood products, paints, pearl jewellery and some toiletries.

Services

Including legal, financial, educational, telecommunications and other professional services.


Agriculture and processed food

Including beef, grains, dairy, sugar, seafood, horticulture, processed foods and wine.

Investment

Investment outcomes for both countries.


Find out how you can use JAEPA to export and import goods.

 

China

The China-Australia Free Trade Agreement entered into force on 20 December 2015, following an exchange of notes by Australia and China on 9 December 2015, certifying that both Parties have completed their domestic processes.

Once in force, opportunities for businesses in these industries will include:

Resources, energy and manufacturing

Including coal, nickel, zinc, titanium, pharmaceuticals, orthopedic appliances and hearing aids, car parts and plastic products.

Services

Including legal, education, tourism, health and aged care, construction and engineering, financial and manufacturing services.


Agriculture and processed foods

Including beef, dairy, sheep & goat meat, wool, pork, wine and spirits, horticulture, grains, seafood, processed food and live animals.

Investment

Investment outcomes for both countries.

Find out how your business can prepare for ChAFTA by reading Benefits for Australian business.

 

You may have already heard about ChAFTA and how it benefits Australia when it comes into force. To make sure you’ve got all the facts, check out these resources on the Department of Foreign Affairs and Trade’s website:

Other FTAs

Australia also has FTAs with:

What to do…

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