 Australia has pursued the cause of international trade liberalisation. It led the formation of the Cairns Group and Asia-Pacific Economic Cooperation. Australia is a member of the Organisation for Economic Co-operation and Development and the World Trade Organization, and has pursued several major bilateral free trade agreements, most recently the Australia – United States Free Trade Agreement and Closer Economic Relations with New Zealand, with another free trade agreement being negotiated with China — the Australia – China Free Trade Agreement — and Japan, South Korea in 2011, Australia – Chile Free Trade Agreement, and as of November 2015 has put the Trans-Pacific Partnership before parliament for ratification.
