Menu
Business

Govt releases details of new free trade deal with Korea

Trade minister Andrew Robb speaking during a press conference in Canberra, Monday, Feb 17, 2014. Mr Robb commented on the Korea Australia free trade agreement.
Trade minister Andrew Robb speaking during a press conference in Canberra, Monday, Feb 17, 2014. Mr Robb commented on the Korea Australia free trade agreement. AAP Image - Alan Porritt

THE Federal Government will today release the full details of its free trade agreement with South Korea.

The deal, struck in December last year, is yet to be ratified by either country.

The agriculture sector celebrated the agreement, which will see significant tariff reductions on important commodities in one of Australia's biggest export markets.

The Australian beef industry is the big winner; it is already at a tariff disadvantage with its largest competitor in Korea, the USA, which already has a free trade agreement in place.

The tariff gap between Australia and the US will continue to widen each year unless Australia ratifies its own agreement.

Read more at ABC news online.

Topics:  south korea trade


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Discover a land before time

FLASH BACK: The Central Highlands were once home to multitudes of volcanos, spread over the plains.

Go on a journey through the land before time with Peter Grigg.

Race day to help locked out miners

No Caption

Moranbah race day held to help raise funds for locked out miners.

On the verge of history

Brooks Pleasure, won Race 1 at Callaghan Park.

Brook's Pleasure is making history at Callaghan Park.

Local Partners