For over two hundred years, foreign investment has played a crucial role in delivering higher rates of economic growth, employment and standards of living to Australians, and this will remain the case for the foreseeable future.
The CPTPP (also known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership) is an historic and ambitious agreement. It is a regional free trade agreement with a membership that includes some of our most important trading partners from the dynamic Indo-Pacific region.
Here are five reasons why the CPTPP is a good deal for Australia.
The future of our region is tied to the future of APEC. With APEC’s continued efforts on sustainable, inclusive and innovative growth, and a focus on free and open trade, we hope to see everyone in our region reap the rewards.
The Free Trade Agreement (FTA) Portal provides easy access to information that helps exporters, importers, customs brokers and freight forwarders benefit from Australia’s free trade agreements.
The Papua New Guinea that the world will see during APEC Leaders Week is a country ready to embrace the future and everything it has to offer. A country defined by its people – friendly and warm; hardworking and ambitious; always ready with a helping hand. Australia is proud to continue to work with Papua New Guinea during this important historical event, and beyond. We know our future together will be as rich and meaningful as our history.
Australia’s support to PNG’s APEC will benefit regional economic integration and commitment to trade in the region. It will also facilitate stronger partnerships for economic growth, security, and relationships between the people of our region.