The Korea Australia Free Trade Agreement (KAFTA) levels the playing field with our international competitors in Korea, Australia’s fourth largest trading partner.
It provides a foundation for Australian exporters to expand their engagement and access new opportunities in the country.
KAFTA unlocks new opportunities for Australian service exporters, an important achievement considering our services trade with Korea trails far behind our trade in goods. It allows Australia service exporters to compete with service providers from around the world on an even keel.
The Export Council of Australia (ECA) encourages greater Australian engagement in the Korean services sector, and our Demystifying Korea is aimed at providing businesses with a resource to help understand both the opportunity as well as the challenges they may face along the way.
There is real opportunity for Australian service exporters in Korea, and the market deserves more attention and care than it currently receives
The ECA’s app – to be followed by our full report - examines the changes KAFTA introduces in the context of professional, financial, educational and other service sectors, while providing advice on navigating the commercial and social environment in Korea.
The ECA’s APP examines these issues in the context of professional, financial, educational and other service sectors.
- If you are accessing this on an Apple device, the app can be downloaded here.
- If you are accessing this on an Android device, the app can be downloaded here
In addition the ECA has launched the FTA Tool (www.ftatool.com.au) which provides useful information on not only KAFTA but all of the FTA agreements Australia has in place.
Contact our Head Research Manager, Niels Strazdins at NielsStrazdins@export.org.au for more information.