Free Trade Agreements (FTA) outline the specific import/export arrangements between two countries. Right now for Aussie exporters, China, Japan and Korea are major growth markets. Recent FTA’s between Australia and these countries may accelerate international growth and contribute to lowering costs for exporters.
Each FTA is unique and their benefits vary. Major benefits include reducing or eliminating barriers to market, lowering of import prices and extending reach into new market segments. While these are important, there are other subtle uses, such as encouraging two way investment and allowing aspiring exporters to evaluate risk before making any firm decisions.
FTAtool is a new website making it easy for aspiring Aussie exporters to navigate FTA agreements.
If you require assistance with your exporting challenges, then we would welcome the opportunity to assist in accelerating your export opportunity.
I can be contacted on 0409 478 850.
Author: Steve Dowling