Korea-Australia Free Trade Agreement (KAFTA)—2015 Senate Inquiry

Submission Overview

The ECA supports international agreements that serve to further liberalise trade between Australia and the rest of the world. Trade is key driver of jobs, innovation and long term prosperity for Australia and the ECA would therefore like to encourage the Australian Government and the Parliament to act swiftly to ensure that the agreement is passed into law as soon as practicable.

The implementation and early entry into force of KAFTA will deliver worthwhile commercial gains to Australia and will help level the playing field for Australian exporters to South Korea—especially for beef exporters that currently face a 40 per cent tariff while key competitors benefit from preferential access because of existing FTAs with South Korea.

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Ed Serrano
Managing Director,
VEKTA Advanced Automation
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