Australia welcomes Korea's interest in the TPP

Media release

6 December 2013

Trade and Investment Minister Andrew Robb has welcomed the Republic of Korea's expression of interest in participating in the Trans-Pacific Partnership (TPP) Agreement.

"Korea's interest reflects the significance of the TPP in shaping economic architecture in the Asia-Pacific region," Mr Robb said.

"Korea is an important strategic partner for Australia in Asia and our third-largest export market hence the significance of us concluding negotiations with them on a Free Trade Agreement. I now look forward to discussing Korea's possible entry into the TPP in the future."

The TPP is the most comprehensive free trade agreement currently under negotiation and involves 12 countries responsible for 40 per cent of global GDP. TPP Ministers will be meeting in Singapore from 7 to 10 December for advanced stage negotiations.

"The TPP negotiations are in their final stages and I will be pushing hard for outcomes that provide significant and material opportunities for Australian businesses and exporters, including farmers, manufacturers and service providers," Mr Robb said.

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