​The Primary FTAs - ChAFTA, JAEPA, KAFTA

ChAFTA

The China Australia Free Trade Agreement (ChAFTA) came into force on 20 December 2015.

It lays an historic foundation for the next phase of Australia’s economic relationship with China. The agreement unlocks significant opportunities for Australia in China which is Australia’s largest export market for both goods and services, accounting for nearly a third of total exports, and a growing source of foreign investment.

View the agreement text.
 

JAEPA

The Japan-Australia Economic Partnership Agreement (JAEPA) entered into force on 15 January 2015.

Conclusion of negotiations on JAEPA was announced in Tokyo on 7 April 2014 by Prime Minister Tony Abbott and Prime Minister Shinzo Abe. Prime Minister Abbott and Prime Minister Abe signed the agreement on 8 July 2014 in Canberra.

The Agreement provides valuable preferential access for Australia's exports will support further growth in two-way investment. JAEPA is by far the most liberalising trade agreement Japan has ever concluded.

Australia and Japan are natural partners with highly complementary economies. The Agreement will bring our economies and societies even closer and underpin a strong relationship for many years to come.

View the agreement text.
 

KAFTA

The Korea-Australia Free Trade Agreement (KAFTA) entered into force on 12 December 2014.

KAFTA supports one of the strongest and most complementary economic relationships in the Asia-Pacific region.

As a world-class and comprehensive bilateral agreement, KAFTA substantially liberalises Australia’s trade with its fourth-largest trade partner.

The Agreement protects and enhances the competitive position of Australia’s businesses in South Korea. Australian exporters gain significantly improved market access in goods, with tariff elimination on nearly all Australia’s current exports by value by full implementation of the Agreement. Under KAFTA, Australian services providers receive the best treatment Korea has agreed with any trade partner. Investment commitments in the Agreement protect and enhance investment in both directions.

View the agreement text.


For all enquiries please call (08) 8300 0083 or email trade@business-sa.com
 

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