|Members||Australia – Papua New Guinea|
|Type of agreement||Bilateral Free Trade Agreement|
|Date of signature||November 6, 1976|
|Key points||1. 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.
|1. Australia – Papua New Guinea (PATCRA) Trade Agreement, accessed Novemeber 2020, https://www.bilaterals.org/?png-aust-sign-strategic-economic&lang=en|