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KAFTA Commencement

Australian exporters are set to benefit from the KAFTA from as early as 12 December 2014 following a last minute exchange of Diplomatic Notes between Australia and Korea and an agreement between the countries to shorten the commencement period to just 9 days.

Late on Wednesday 3 December 2014, Australia and Korea exchanged Diplomatic Notes confirming that all requirements have been observed and agreeing that KAFTA will commence on 12 December 2014.  More…