“The Business Council welcomes the announcement by the Minister for Trade, Tourism and Investment, Steven Ciobo, of the launch of free trade agreement negotiations with the Pacific Alliance,” Business Council chief executive, Jennifer Westacott said.

“An FTA with Pacific Alliance countries can deliver increased exports for Australian companies, more jobs for Australians, and investment and innovation that is driven by a growing economy.

“The Pacific Alliance countries, Chile, Colombia, Mexico and Peru, represent a market of over 220 million people, and UD$1.8 trillion. 

“Australian exporters of agricultural products, aluminium products, mining equipment, pharmaceuticals and paper are especially well placed to benefit from better market access that comes with FTAs.

“At a time when some countries are questioning the benefits of free and open trade, we commend the Government for its determination to work with progressive countries to enhance Australian and regional prosperity.”