Australia is a stable, democratic and culturally diverse nation with a highly skilled workforce and one of the strongest performing economies in the world.
Australia welcomes foreign investment. It has helped build Australia's economy and will continue to enhance the wellbeing of Australians by supporting economic growth and innovation into the future. Foreign investment supplements domestic savings; without foreign investment, production, employment and income would all be lower.
The FTA covers goods, services and investment. From 1 January 2015, all tariffs were eliminated except sugar, which retains a tariff of six per cent for Australian exports due to Chile's price-band system.
Asia-Pacific Economic Cooperation (APEC) is a forum of 21 Asia-Pacific economies. APEC's member economies are home to around 3 billion people and make up almost 60 per cent of global GDP.
