Australia – Papua New Guinea (PATCRA) Trade Agreement

NamePATCRA
MembersAustralia – Papua New Guinea
Type of agreementBilateral Free Trade Agreement
Date of signatureNovember 6, 1976
Current StatusOn-going
Key points1. Security: negotiating a Bilateral Security Treaty, which will provide a framework for the existing cooperation and its future expansion and send a clear signal of the enduring bond between PNG and Australia.
2. Investment: reviewing and modernising the Australia-Papua New Guinea bilateral investment treaty (1990) which will provide greater certainty for Australian and PNG companies doing business in PNG and Australia and encourage new investment.
3. Trade: developing a bilateral trade framework which will result in better market access and improved trade arrangements.

For more details, kindly check the link in references.
Annexehttps://wits.worldbank.org/GPTAD/PDF/archive/Australia-PapuaNewGuinea.pdf
References
1. Australia – Papua New Guinea (PATCRA) Trade Agreement, accessed Novemeber 2020, https://www.bilaterals.org/?png-aust-sign-strategic-economic&lang=en

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