Free trade agreements signed or concluded (but not yet in force)
Pacific Agreement on Closer Economic Relations (PACER Plus)
PACER Plus is a comprehensive FTA covering goods, services and investment. Negotiations on PACER Plus commenced in 2009 and concluded in Brisbane on 20 April 2017. The agreement opened for signature on 14 June 2017, and has been signed by Australia, New Zealand and nine Pacific island countries (Cook Islands, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu). Negotiating parties have reviewed and legally verified the text of the Agreement. Australia has completed its internal requirements for entry into force of PACER Plus. Australia's primary objective with PACER Plus is a more sustainable and prosperous Pacific. The full text of the agreement and related documents are now available at Department of Foreign Affairs and Trade website.
Free trade agreements under negotiation
Australia-European Union (EU) FTA
Australia and the EU launched negotiations for an FTA on 18 June 2018. As a bloc, the EU is Australia's second largest trading partner, third largest export destination, and second largest services market. Through the Australia-European Union FTA, Australia is seeking to improve market access for Australian agricultural and industrial products, and reduce barriers to trade and costs through modern customs, rules of origin and trade facilitation procedures.
Consistent with its approach toward other FTA partners, the EU has identified the protection of geographical indications (GIs) as one of its key objectives in the negotiations. The Australian Government ran a public objections process to seek views on the list of product names the EU has asked Australia to protect. Submissions closed on 13 November 2019. For more information, see the Department of Foreign Affairs and Trade website.
The Australian Government has made no commitment to protect EU GIs. The decision to protect EU GIs will be determined at a later point in the FTA negotiations. Any commitments on GIs in the FTA will depend on what the EU is prepared to offer Australia, with regard to market access.
United Kingdom (UK)
Australia and the United Kingdom (UK) launched negotiations for a free trade agreement (FTA) on 17 June 2020. The UK is Australia’s 7th largest trading partner and the 2nd largest source of foreign direct investment. Through the Australia-UK FTA, Australia is seeking to improve market access for Australian agricultural products, and remove barriers to trade in goods through modernising the rules governing trade in goods, services and investment. For more information, go to the Department of Foreign Affairs and Trade website.
Regional Comprehensive Economic Partnership (RCEP)
At the 3rd RCEP Summit in Bangkok on 4 November 2019, leaders from 16 Indo-Pacific countries – Australia, Brunei Darussalam, Cambodia, China, India, Indonesia, Japan, the Republic of Korea, Lao PDR, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand and Vietnam – agreed on the importance of RCEP as a signal of the region's collective commitment to open trade and investment.
Australia is working towards signature of the RCEP Agreement in 2020.
RCEP will be a regional free trade agreement among 16 countries that will deliver substantial new trade and investment opportunities for Australia in the Indo-Pacific region, consistent with World Trade Organization rules. Further information on the proposed agreement is available at Department of Foreign Affairs and Trade website.
Pacific Alliance Free Trade Agreement
Australia and the Pacific Alliance launched negotiations for an FTA on 30 June 2017. The Pacific Alliance is a Latin American trade grouping made up of Chile, Colombia, Mexico and Peru. A Pacific Alliance FTA would enable Australian businesses to access opportunities in this emerging and dynamic region, which combined, is the world’s 8th largest economy and represents 35% of Latin America’s nominal GDP. It would also strengthen our economic relationship with the region and help facilitate value chains between the Americas and Asia. Further information on the FTA and Australia’s relationship with the Pacific Alliance countries is available at Department of Foreign Affairs and Trade website.
Australia-India Comprehensive Economic Cooperation Agreement (IA-CECA)
Australia and India launched negotiations for a Comprehensive Economic Cooperation Agreement in May 2011. There have been 9 rounds of negotiations, the most recent of which was held in September 2015. Agriculture related issues are still to be discussed in detail. Further information is available at Department of Foreign Affairs and Trade website.
Australia-Gulf Cooperation Council Free Trade Agreement (GCC-Australia FTA)
FTA negotiations with the Gulf Cooperation Council (GCC), comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, commenced in July 2007. To date, there have been 4 rounds of GCC-Australia FTA negotiations, with the last one held in June 2009. Negotiations remain on hold while the GCC reviews its trade agreement policies. The agreement would provide an opportunity to address a range of tariff and non-tariff measures related to our agricultural exports. Further information is available at Department of Foreign Affairs and Trade website.