Traditional sectors such as mining, finance, logistics, agriculture, property and construction, and services industries have all performed well, attracting foreign investment. Australia also offers strong capabilities and opportunities in key growth sectors such as renewable energy, health and aged care, and tourism infrastructure.
The country has free trade agreements (FTAs) with regional partners, including member countries of the Association of Southeast Asian Nations (ASEAN), China, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, Singapore and Thailand, as well as Chile, Peru, Mexico and the United States. It is also negotiating additional FTAs, including with the European Union, the Gulf Cooperation Council, India and the Pacific Alliance, as well as the Regional Comprehensive Economic Partnership of 16 nations, which would become the world’s largest trading bloc.
These FTAs offer Australian-based companies a competitive advantage in servicing these markets. The Department of Foreign Affairs and Trade has up-to-date information on Australia’s FTAs.