AreaAustralia

Commodity GroupMeat

CommodityAll

Date01/04/2014

Policy CategoryTrade

Policy InstrumentFree trade agreement

DescriptionConcluded negotiations for a Free Trade Agreement (FTA) with the Republic of Korea, Australia’s third-largest goods export market and fourth-largest trading partner. As part of the FTA, tariffs of up to 300% will be eliminated on key Australian agricultural exports such as beef, wheat, sugar, dairy, wine, horticulture and seafood, as well as resources, energy and manufactured goods.