Free Trade Agreement Tool Online

Friday, Jan 6, 2017

Thinking of exporting wine overseas? Wanting to take advantage of Australia's Free Trade Agreements (FTAs) with Japan, China, and South Korea? The Department of Foreign Affairs and Trade have launched an online tool to assist potential exporters to explore the benefits of the FTAs.

FTAs cut tariffs, which are taxes or duties to be paid on traded goods. However the tariff-cutting benefits of FTAs do not automatically happen. If you want to benefit from FTAs, there are steps you must actively take:

- determine if your product benefits from the FTA tariff cuts on offer
- assess if your product meets the FTA’s Rules of Origin
- obtain an FTA-specific Certificate of Origin/Declaration of Origin to accompany your exports.

The FTA Portal allows a busines to access information about potential benfits and the Rules of Origin.