Australia is party to 18 free trade agreements (FTAs) worldwide covering 30 economies.
The Australia-New Zealand Closer Economic Relations Trade Agreement (ANZCERTA), signed in 1983, marked a significant step towards bilateral trade agreements, creating a single economic market between the two nations.
The 1990s saw Australia engaging in further bilateral agreements, including those with countries in the Asia-Pacific region.
These agreements aimed to strengthen economic ties and promote trade in goods and services.
In 2018, Australia became a signatory to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes several key economies in the Asia-Pacific region.