Growing Australian exports

Removing barriers to Australian exports will help the economy's transition and create jobs

Export trade agreements

The Government has implemented three significant export trade agreements with China, Japan and Korea. Australia's trade with these nations represents around 38 per cent of our goods and services trade with the world — and 49 per cent of our total exports. They cover a greater proportion of our trade than all of Australia's previous trade agreements combined.

Reducing trade barriers creates opportunities for exporters — including in the services sector — to grow their businesses into key overseas markets, boost jobs and drive higher Australian living standards.

Australia's economic transition towards greater services is synchronised with growing Chinese demand for our services. Our export trade agreement with China (ChAFTA) offers an unprecedented opportunity by obtaining expanded and preferential access for Australian exporters to further tap into China's burgeoning demand for high‑value goods and services.

ChAFTA protects our competitive position by automatically granting Australia additional concessions if they are given to other countries.

These agreements will mean key household items such as family cars will become cheaper for Australian households and businesses.

The Government has also signed the historic Trans–Pacific Partnership (TPP) Agreement which will eliminate 98 per cent of tariffs in the TPP region. It will also attract much needed investment and improve Australia's already strong economic linkages with North Asia and the Asia Pacific region.

Exporting funds management services

Our funds managers will be able to grow their exports with the removal of key barriers on the export of funds management services. They will now be able to offer investment products using structures utilised internationally by foreign investors.

The Government is also championing participation in the Asia Region Funds Passport which will enable Australian fund managers to more easily export their services to foreign clients.