Australia and FTA’s in a nutshell
Australia is part of 13 FTA’s with 20 partners across these agreements. Most are bilateral agreements, with 2 regional agreements.
Free Trade Agreements also help facilitate investment in Australia. They are giving Australian exporters a competitive edge in overseas markets in competitive economies. As an example, 27% of Australia’s total trade was with FTA partners back in 2013, it is currently about 70% of trade.
FTA’s can make a significant difference, especially in price.
An example of the reach of regional trade agreements, such as CPTPP, this has 10 other countries as participants, and a number of signatories, looking at becoming participants.
If you are looking to import or export, contact us and we can help assist you with more information on free trade agreements between parties and regions.
Else you can find some important information at: https://www.dfat.gov.au/trade/agreements/trade-agreements