Korea-Australia Free Trade Agreement (KAFTA)

The KAFTA Implementing legislation was passed on October 1, 2014 and the agreement came into force on December 12, 2014. AFTINET oppose this agreement because it was negotiated in secret, included special rights for foreign investors to sue governments over domestic legislation (ISDS), removed labour market testing for temporary migrant workers and contained only weak labour and environmental standards which were not enforceable. The tariff reductions were unbalanced and the economic study did not take account of employment impacts in manufacturing industry. See AFTINET's submission to Parliamentary inquiries here.