As reported earlier, Korea-Australia Free Trade Agreement, or “KAFTA,” was agreed “in principle” in December of last year. As explained, this was a shockingly expedient act, merely 2 months after the Bali APEC, in which Korea officially set out to reach bilateral trade pacts with individual members of the Trans Pacific Partnership Agreement, or “TPP.”
Yesterday, on the Family Day holiday here in Ontario, the Australian government Department of Foreign Affairs and Trade (“Australian DFAT”) released the legally verified text of the agreement (see here for the entire text). Australian DFAT further notes that “[s]ignature is scheduled for the coming months.”
Given that Korea-Canada FTA is also reportedly just around the corner, the text of the KAFTA is interesting and may well be informative and inferential in a number of aspects. For those of you who are interested, have fun going through the document (and I will post any interesting findings if I see any).