Five reasons why the CPTPP is a good deal for Australia

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.

Why is Australia so keen on Free Trade Agreements?

Did you know Australia currently has ten Free Trade Agreements (FTAs) with sixteen countries and more FTAs will enter into force in the future? Is Australia pursuing FTAs to the exclusion of other trade liberalising opportunities?  Are these FTAs being used by Australian business? Why is Australia so keen on FTAs?  This article addresses these questions and other matters relating to Australia’s FTA agenda.

Japan and Australia: Leaders in uncertain times

he most interesting opportunities we get as DFAT officers are not always found behind a desk in Canberra. Earlier this year I had the opportunity to accompany Simon Newnham, Australia’s APEC Ambassador and First Assistant Secretary of the Investment and Economic Division, on a visit to Tokyo. As part of that visit, Simon addressed a Symposium hosted by Japan’s Research Institute of Economy, Trade and Industry (RIETI) and the Australian National University (ANU).

¡Hola Peru! Trade negotiations kick off in Lima

It is the opportunities from Peru’s economic growth that we are trying to tap into with the Peru-Australia Free Trade Agreement (FTA).  We want to improve Australia’s competitive position in the Peruvian market. We want to create a higher level of legal certainty for Australians trading with and investing in Peru.  And we hope the Peru-Australia FTA will have a head-turning effect to encourage even closer ties between us.  All of that builds business links, and that means increased investment and employment.