Share with your friends

Australia: New free trade agreements with Hong Kong, Peru, Indonesia, China

Australia: New free trade agreements

The Australia-Hong Kong free trade agreement has entered into force, and other free trade agreements with Peru and Indonesia are expected to be effective soon.


Related content

Legislation in Australia—the Customs Tariff Amendment (Growing Australian Export Opportunities Across The Asia-Pacific) Act 2019—will give effect to the implementation of Australia’s newest free trade agreements with Hong Kong, Peru, and Indonesia.

  • The Australia-Hong Kong free trade agreement entered into force from 17 January 2020.
  • The free trade agreement between Peru and Australia will enter into force on 11 February 2020.
  • The Indonesia-Australia comprehensive economic partnership agreement is expected to enter into force in the first half of 2020 once Indonesia has completed its domestic ratification processes.

Each of these agreements will provide benefits for Australian importers, including reduced tariffs on a broad range of products. The agreements will deepen economic cooperation between Australia and its treaty partners, increase certainty in trading with these countries, and in the case of Peru, will expand opportunities in the Latin American region for Australian exporters. 

The agreement with Hong Kong does not require certification to access preferential duty rates into Australia. However, importers need to determine that they hold written confirmation that the subject goods meet the relevant rules of origin. It may be prudent to obtain a declaration of origin from the exporter or producer to support the use of the free trade agreement to reduce or eliminate customs duty.

Regarding the agreement with Peru, a certificate of origin is required in order to claim preferential treatment. However unlike the rules in many of Australia’s free trade agreements, this certificate will be able to be completed by the exporter or producer and does not require an authorised body’s approval.

Finally, effective 1 January 2020, Australian importers may benefit from a new range of tariff reductions under the China-Australia free trade agreement.


For more information contact a KPMG professional in Australia:

Leonie Ferretter | +61 2 9455 9330 |

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal