MINERALS INDUSTRY WELCOMES STH KOREAN FREE TRADE DEAL

The Australian minerals industry strongly supports the Free Trade Agreement with South Korea - one of our longest term and most important export markets.

Australian iron ore and coal has helped transform the South Korean economy by providing the raw materials to build modern cities and affordable energy to power their vibrant manufacturing sector.

About 75 per cent of Australia's exports to South Korea are minerals and energy products with a total value of $15.3 billion.

The South Korean FTA will provide a significant boost to Australia's exporters by removing tariffs on a range of commodities including gold, titanium oxide, lead and nickel.

The minerals industry congratulates Trade Minister Andrew Robb for his determination to deliver this and other FTAs in the interests of Australia's exporters.

The Federal Government’s focus on FTAs sends a powerful signal on the importance of open trade and investment to Australia’s future prosperity.

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